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Biden Brags ‘Real Disposable Income Increased’ – But, Doesn’t Mention Real Earnings Fell

Posted on AllSides May 3rd, 2023
From The Right

President Joe Biden recently boasted that real disposable income was up in the first quarter of 2023, but he neglected to note that, due to mitigating factors like high inflation, Americans actually have less real earnings than they did a year ago.

“This past quarter, real personal disposable income increased and American consumers continued to spend, even as the overall pace of growth moderated,” Biden said in a statement and a tweet last Thursday.

While true, monthly real disposable income peaked at $19,213 in Biden’s second month in office (March 2021) and steadily declined until it...

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