Remember after the previous few years where you had high inflation, Most of America is poorer today than they were four years ago and that's basically inflation. Your dollars, your salary became worth less. In my district today If you don't make about 27 +% more than you did four or five years ago, you are poor today. You're not magically going to make the cost of everything in your life go down, particularly in an environment where interest rates are going to be higher because we're borrowing so damn much money. (17:44–17:51)
CLAIM
Asserts that a 27% income increase is needed to maintain financial status from four or five years ago.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
