Biden Takes A Blowtorch To The Truth With Household Debt And Savings ClaimMary Rooke
Staff Writer
June 03, 2022 3:40 PM ET
President Joe Biden lied Friday about the level of debt and savings U.S. households have accumulated under his presidency.
Biden boasted during a White House Address that the average American household has increased their savings and lowered debt since his inauguration, according to the White House briefing.
“Today, thanks to the economic plan and the vaccination plan that my administration put into action, America has achieved the most robust recovery in modern history just two years removed from the worst economic crisis since the Great Depression,” said Biden.
“Since I took office, families are carrying less debt; their average savings are up,” he added. Biden said families feel financially comfortable under his economic plan.
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