Statement·self record·said 2024-08-02
“Since Vice President Harris and I took office, incomes have risen faster than prices.”
Proof of utterancewhere they said it
Verdict
Mixedby PolitiFact
2024-08-06Reasoning
Wage growth trailed inflation since Biden's inauguration, but inflation-adjusted disposable personal income per capita increased when accounting for pandemic-era stimulus distortions. Per capita income rose from about $49,407 in December 2020 to $50,423 by June 2024.
Proof of outcomewhat backs the verdict