Posted 48 days ago
Washington Post columnist Michelle Singletary said Wednesday on MSNBC’s “Chris Jansing Reports” that many Americans were “not suffering” as much as they think from inflation.
She urged them to “calm down.”
Jansing said, “Well, you speak about those folks who are living paycheck to paycheck, and there’s a new poll out by Politico Morning Consult that I think is quite revealing. 38% of Americans would rather see a recession than the inflation we’re dealing with.”
Singletary said, “You know, I’m just going to say this. If I get dinged for it, I don’t care. There’s a great deal of Americans where it is uncomfortable they’re spending more, but they are not going to go under. You know, you got to stop complaining when there’s so many people who literally the inflation rate means they may only have two meals instead of three. There are Americans who did extremely well in the last two years in the market. You still have your job. And yeah, it’s costing you more for gas, but guess what, you’re still going to take that Fourth of July holiday vacation. You can still eat out. So I’m going to need you to calm down and back off. It feeds into this fear, and people making decisions that create the very thing they’re fearful of. And you’re in that category, calm down, stop looking at your portfolio. You know what you can do with that energy? Help people, put food on the table of somebody else’s hou... (Read more)