Trump Warns of ‘Death of American Dream’ as Inflation Persists

‘High inflation means high prices, high interest rates, high mortgage rates, and death for the American Dream,’ President Trump said.

Republican presidential candidate former President Donald Trump speaks to guests at the annual Lincoln Reagan Dinner hosted by the Minnesota Republican party in St. Paul, Minn., on May 17, 2024. Scott Olson/Getty Images

While rallying in Minnesota, former President Donald Trump redoubled his focus on criticizing soaring inflation on President Joe Biden’s watch, claiming that the price hikes since his rival assumed office are costing the typical family an additional $1,165 dollars each month compared to the Trump presidency.

“When I left office, we had NO INFLATION,” President Trump said in a Saturday morning post on Truth Social, his social media platform. “Yet in the past 3 years, the Biden Inflation Tax has cost the average Minnesota family a staggering $28,000 dollars—and the Biden Price Hikes are continuing to drain $1,165 dollars from the typical Minnesota family budget every single month!”