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International Business Times UK
International Business Times UK
World
Bernadette B. Tixon

Trump Economic Adviser Insists 'Purchasing Power Has Gone Up' as Families Drown in Bills

Trump economic adviser Kevin Hassett drew heavy criticism after claiming purchasing power has risen, despite families struggling with rising costs and stagnant wages. (Credit: Screenshot from YouTube)

Donald Trump's director of the National Economic Council, Kevin Hassett, has faced significant criticism after claiming that purchasing power has risen under the administration.

He made the remarks during a CNBC interview to defend tariff policies and broader economic management. Yet for many Americans, the statement rang hollow, as households continue to struggle with rising costs and stagnant wages.

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