Biden Claims Americans Have More Money Even After Accounting for Rising Prices

EXCERPT:

BIDEN: "Thanks to the American Rescue Plan, we’ve delivered significant tax cuts to families raising children. Tax cuts and raising wages for middle-class families mean that Americans on average have more in their pockets today than they did each month since we’ve been in office, than they did last year, after accounting for inflation. Let me repeat that. Even after accounting for rising prices, the typical American family has more money in their pockets than they did last year. In fact, we're the only leading economy in the world where household income and the economy as a whole are stronger than they were before the pandemic.”