President Trump Highlights Real Progress on Lowering Costs — With Bigger Relief Coming Soon
President Donald J. Trump is emphasizing major progress on lowering cost of living in USA, reversing what he calls the inflation and price surge left behind by the Biden Administration. Since returning to office, inflation has cooled dramatically, gas prices have dropped, real wages are climbing again, and key household expenses are finally easing.
But President Trump also makes it clear: the mission isn’t finished. He says his administration is focused on delivering even more relief so that every American family can fully feel the benefits of lowering cost of living in USA.
Inflation Is Finally Cooling Down
A major part of lowering cost of living in USA starts with tackling inflation — and the Trump Administration is claiming major progress.
Under Biden, inflation averaged nearly 5% and skyrocketed to a 9.1% peak — the worst in decades. But under President Trump’s second term, inflation has dropped to an average of about 2.7%. For the first time since 2020, Americans have even seen an overall decline in prices for certain essentials, marking a critical milestone in lowering cost of living in USA.
Real Wages Are Growing Again
A healthy economy only means something if paychecks actually stretch further — and this is where Trump says real progress is happening.
Under the Biden years, Americans lost nearly $2,900 in purchasing power because inflation outpaced wage growth. Now, under President Trump, real wages have grown nearly 4% — around $700 — even after accounting for prices. Projections show wages trending toward $1,200 in growth after Trump’s full first year back in office.
This real wage rebound is a key part of lowering cost of living in USA, giving families more room to breathe financially.
Gas Prices Have Hit Multi-Year Lows
Gas prices are one of the most direct indicators of lowering cost of living in USA, and the Trump team points to major improvements.
During Biden’s term, gas prices reached the highest level ever recorded — even after the release of oil from the strategic reserves. Today, gas prices have fallen to their lowest average level in more than 1,680 days.
- Gas under $3 per gallon in 36 states
- Gas under $2.75 in 20 states
- Gas under $2.50 in 5 states
- Gas below $2 at stations in at least 4 states
This shift is one of the most visible examples of lowering cost of living in USA.
Housing and Rent Relief Are Finally Showing Up
Housing affordability hit crisis levels under Biden as mortgage rates and rents surged nationwide. Now, under Trump, rates have begun dropping again.
At the start of December, the average 30-year fixed mortgage rate hit 6.19% — about 12% lower than when Trump took office. According to the CPI, shelter inflation is at a four-year low, and the national median rent has declined for four consecutive months.
For millions of families, these trends signal meaningful progress toward lowering cost of living in USA.
Grocery Prices Are Starting to Ease
Food inflation hurt every household over the last few years, but now prices for everyday grocery staples are finally moving down. Under President Trump, items like eggs, butter, cereal, fresh fruit, pasta, seafood, rice, and ice cream have shown real price declines — another important step in lowering cost of living in USA.
Major Policy Steps Supporting Lower Costs Nationwide
The Trump Administration’s strategy for lowering cost of living in USA includes tax relief, deregulation, and reshoring American jobs.
Historic Tax Cuts
President Trump signed landmark tax legislation including:
- No Tax on Tips
- No Tax on Overtime
- No Tax on Social Security
These tax cuts could raise take-home pay by as much as $13,300, boost wages by as much as $11,600, and increase average refunds by nearly $1,000.
Deregulation to Reduce Prices
Trump’s rollback of Biden-era appliance rules and other regulations is expected to save American families about $2,100 each — a big win for lowering cost of living in USA.
Job Growth and Investment
Companies have invested trillions in U.S. operations since Trump took office again, creating hundreds of thousands of new jobs and pushing employment for American-born workers to record highs.
Deficit Reduction
A mix of spending cuts, tariff revenues, economic expansion, and interest savings is projected to reduce the deficit by trillions — helping keep borrowing costs and inflation down.
The Road Ahead
The Trump Administration says it won’t stop until high prices caused by past policies are fully reversed. While the progress is clear, President Trump emphasizes even more relief is coming — and that the best phase of lowering cost of living in USA is still ahead.
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