Watch President Barack Obama's commencement address at Howard University

Speaking to the graduating class of Howard University, President Barack Obama said America is “by almost every measure” better now, adding that the country “also happens to be better off than when I took office -- but that’s a longer story.”

Obama also told the graduates that most of them were freshmen when he began his second term and that some of them came by the White House that evening, so he was "returning the favor."

Obama added, “I used to joke about being old. Now I realize I’m old. It’s not a joke anymore.”

Watch the video below via YouTube Presinet Obama's address begins at the 1:30:00 mark):