Americans are worried that inflation will hurt their wallets. And "calm down" and "stop complaining" about it, according to the Washington Post columnist.
"Overall, many Americans aren't suffering as much as they think, and they're unrealistically afraid of what hasn't happened yet, so things can happen." Michelle Singletary, a paper personal finance columnist, said on Wednesday when she appeared on MSNBC. "We don't know if we're still in recession."
Single concern about the impact of rising prices after MSNBC anchor Chris Jansing pointed out in a poll by Politico and Morning Consult. 38% of Americans say they want to see a recession rather than our inflation. "
" More than one-third of Americans are gas, It means that we are rather hoping for a recession because we are so pressured to have to pay for food, daily necessities and rent. Is there a place we are now? "Jansing asked.
"As you know, I'm going to say this. Swipe. It doesn't matter if it's done, "said Single Tally. "Many Americans are uncomfortable with their spending more, but they're not going down. Very many people literally have inflation rates of only two meals instead of three. In many cases, you have to stop complaining. "
The single tally organized the debate in the context of wealth inequality in the United States. Half of the country is legally facing financial difficulties due to the high cost of essentials, and the other half is unreasonably concerned about inflation.
Fox Newsfirst reported on Singletary's remarks.
"There are Americans who have been very strong in the market over the last two years," said Single Tally. "You still have a job, and yeah, it costs you more for gas, but what do you guess, you still take that holiday, that July 4th vacation I'm going. I can still eat out. "
" So I need to calm down and put it back, "she continued. "Because it affects this fear, and then this fear affects those who make the decisions that make the very thing they are afraid of. If you belong to that category, calm down. Your portfolio. Stop watching and do you know what you can do with all that energy? Help others. "
Record gas prices and soaring food and rent Is one of the reasons why the consumer price index hit decades high last month. Inflation is 8.6%, the fastest pace since 1981.
The Federal Reserve has set benchmark rates at three-quarter percent points for the first time since 1994 – exacerbating concerns about the impending recession. Movement.
Citi now considers the risk of a recession to be nearly 50%,and other recent statements of pessimism about the state of the U.S. economy in the coming months. I am a member of the bank.
Single Tally argued that concerns about a possible recession were unnecessarily dark.