During Donald Trump's presidency, black wealth went up.
Posted by VINCE, Checked
- Sources
- 3 support4 context
- Said
- 1 time·
- Confidence
- 60%
VINCEOct 28, 2026
Sources show Black median household net worth rising during the period that covers most of Trump's presidency: Pew reports Black median wealth gains from 2019 to 2021 (77% in percentage terms), and NCRC and AP report a 60% jump from 2019 to 2022.
What was said
… The Democrats have sold you out for years. They haven't improved your life at all. Go with me, baby. And boy, that was a payoff for black voters, and for every color voter, but for black voters, just watching as, as, like, black employment just went way up, black wealth started going way up. That was all President Trump achieved on that promise, because what do you have to lose? And in fact, you had a lot to gain. Regardless of your skin color, regardless of your place in life, every American citizen gained so much and has been gaining so much out of Donald Trump being president of the United …
VINCE · · from the transcriptPost →What we found
Supports. Pew Research reports that Black households saw strong gains in median wealth from 2019 to 2021, with the median rising 77% in percentage terms.[4]
Supports. NCRC reports that median Black net worth rose 60% from 2019 to 2022, the largest increase of any racial group, and AP reports the same 60% jump in Black median household net worth since 2020.[1][5]
Context. Black median wealth remained far below white median wealth in every source, so the gap persisted even as Black wealth rose.[2][3][4]
Context. Hoover and WSJ commentary report Black income, employment and poverty improvements during Trump's first term, but they do not measure wealth directly.[6][7]
Sources
7 sources: 1 fact-checker, 2 primary, 3 not rated, 1 tier 2
- 1A surge in wealth has boosted most US households since ...apnews.com · fact-checker · cited for: supports
- 2Wealth by Race of Householdercensus.gov · primary source · cited for: context
- 3Racial Differences in Economic Security: The Racial Wealth Gaphome.treasury.gov · primary source · cited for: context
- 4BY Rakesh Kochhar Mohamad Moslimani - Pew Research Centerpewresearch.org · not rated · cited for: supports, context
- 5The Racial Wealth Divide And Black Homeownership: New Data ...ncrc.org · not rated · cited for: supports
- 6The Trump Boom Lifted Black Americanswsj.com · tier 2 · cited for: context
- 7The Roots Of Black Economic Progress - Hoover Institutionhoover.org · not rated · cited for: context
Where this claim was made
Said in 1 published post