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US President Joe Biden has claimed households are financially “37% better off” since the pandemic.
The President made the remarks while speaking at the United Auto Workers in Belvidere, Illinois.
His comments come after a report by the Federal Reserve Bank of New York found, Americans now collectively owe $1.08 trillion on their credit cards.
People were quick to criticise the President on social media.
One user wrote on ‘X’ “where’s my 37%. I ain’t seen it yet. But my grocery bill has gone from $160 to $225 a week.”
A Yahoo Finance/ Ipsos poll released on Tuesday found, the majority of adults have doubts about the state of the economy.
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