The US economy is experiencing a significant increase in America's wealth gap, with President Donald Trump's policies contributing to this growth. The Trump administration's regulatory cuts, tax breaks for corporations, and tax breaks last year have contributed to this increase. Technology companies, including Amazon and Meta, were responsible for 40% of the gains in the S&P 500 last year. The richest 10% of households own around 90% of all stocks, and these households accounted for around half of all consumer spending in 2025, the highest rate since 1989. The president's tariffs have negatively impacted the bottom end of the labor market, particularly those with less disposable income to absorb price hikes. The White House plans to follow a similar playbook from the first term, using tax cuts and regulatory changes to stimulate investment. The administration believes this will result in tighter labor market and increase wages. The economy's approval rating is slipping.