That's a huge cut in the standard of living and a huge increase in the cost of living for all Americans by the time he left the White House. A typical family in Texas would have to pay an additional $12,427 every year just to maintain the same standard of living that they had enjoyed when President Biden first took office. So that's like getting a $12,427 pay cut each year for the average Texas family. Last November, when President Trump was reelected, Americans, 58% of Americans, said they thought the country was on the wrong track. (02:39–02:56)
CLAIM
Asserts that Texas families faced a $12,427 annual increase in living costs during President Biden's term.
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