Joe Biden baffled millions of Americans Friday when he falsely asserted that more families are now “financially comfortable” than the day he took office.

“America is in a stronger economic position today than just about any other country in the world,” he said in remarks in Rehoboth Beach, Delaware. “Independent experts have projected that the US economy could grow faster than China’s economy this year. That hasn’t happened since 1976.”

“If food and gas prices are going to be elevated by Putin’s price hike, one way we can make things a little better for families is by helping them save on other basic items their family needs on a monthly basis, like their utility bills, their internet bills, their prescription drug bills, and other costs like housing,” he explained.

“My goal is to make sure that, at the end of the month, families have a little more breathing room than they have now,” concluded the Commander-in-Chief.

Watch Biden’s comments above.