Donald Trump has heralded his record on the economy while he was president on countless occasions, although critics have suggested his term wasn’t as successful as he’s made out.
While on stage earlier this week at the conservative Turning Point Action Conference, the former president went straight on the attack over President Joe Biden’s economic credentials, citing inflation, mortgage costs, and wages among other arguments.
At one point, Trump turned his attention to the experience of younger Americans, saying that under Biden, a third of millennials and Gen Z Americans have no savings.The Claim
Footage on video hosting site Rumble, posted on July 15, 2023, viewed 617,000 times, showed Donald Trump claiming that under Joe Biden’s presidency, a third of younger Americans did not have a financial safety net or money for their future.
Trump said: “And we have a man who’s grossly incompetent, who doesn’t even know where he is who can’t put two sentences together.
“And this is the man that’s telling us what we’re going to be doing. Under Biden, hope and opportunity for young people, so many young people here are being utterly extinguished. In the Biden economy, one third of Gen Z and millennials have no savings accounts and no savings whatsoever.
“They have nothing, they have nothing.”
The Facts
Trump made a number of outspoken claims during his Turning Point speech, such as calling his federal indictments “a badge of honor”, boasting that he could end the war in Ukraine, and attacking his main Republican rival, Ron DeSantis.
Biden, of course, did not avoid Trump’s ire and the U.S. economy gave the former president plenty of material to attack with.
However, while the central claim he made about young Americans’ savings is based on some survey data, other data suggests Tru
