Do you think it's the cost of living. Sure. Always has been, always will be. And it's difficult once you've devalued the dollar to the extent we have over the decades. A dollar you held in 1998 is only worth 51 cents. As recently as 2019, that dollar's worth 80 cents. And so the 40 year high inflation incurred during the Biden administration, that permanently devalued the dollar. (08:26–08:29)
CLAIM
Asserts that the value of a dollar from 1998 has decreased to 51 cents.
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.