Biden, GOP both right in claims about wages, inflation [Video]

WASHINGTON D.C., DC — President Joe Biden went on the road this week, and he followed up his State of the Union address by touting his promises and actions to improve the economy.

President Biden said his policies are helping turn the economy around. “Growth is strong,” he said to applause from those in attendance. “Wages are up more than prices.”

QUESTIONS

SOURCES

ANSWER

President Biden and his Republican critics are both correct, based on the lack of timeframe in his statement.

WHAT WE FOUND

Real average wages is a statistic used to show the spending power of employment. The Bureau of Labor Statistics and Federal Reserve Bank of St. Louisboth track it. They adjust weekly average earnings for inflation based on …