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Ted Cruz: “$1,000 in 1950 today is $13,051.45.”

Featuring: Ted Cruz, Republican | U.S. Senate, Texas

IT'S A BIG DAMN DEAL! | Verdict Ep. 206

Published August 26, 2024 | Video Starts at 34:43

And by the way, that was $1,000 in 1950. How much is that today? I mean, to put it in perspective, it's a lot. Well, I actually ran the numbers, and $1,000 in 1950 today is $13,051.45. That's how much the Kennedys wanted him to win. 13 grand that JFK delivered to support Nixon in his Senate race in 1950. (34:43–34:49)

CLAIM

Asserts the inflation-adjusted value of $1,000 from 1950 to today.

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.

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Ted Cruz

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