Fact Check: Do US families have more money in their pockets now, despite inflation?

Our weekly check-in with the Texas Truth-O-Meter.

By Radio story produced by Alexandra HartDecember 15, 2021 12:03 pm, ,

From PolitiFact:

Despite overseeing strong showings in employment and economic growth, President Joe Biden’s public standing has been weakened by inflation levels not seen in decades. During Dec. 3 remarks on the most recent jobs report, Biden said that some of the economic achievements on his watch have allowed Americans to keep a step ahead of inflation.

“Even after accounting for rising prices, the typical American family has more money in their pockets than they did last year,” Biden said.

Read the full story at PolitiFact to see how Biden’s claim rated, and listen to an interview with PolitiFact’s Nusaiba Mizan in the audio player above.

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