CNN Claims Most Americans Are Benefiting Economically, Despite Inflation.
Last week, the Labor Department announced that inflation increased 0.6% from December to January and is now at 7.5%, the largest annual increase since February 1982.
But don’t fret! According to CNN, everything is fine, and you probably came out ahead economically despite inflation.
“Public discontent with America’s pandemic-battered economy obscures the good news: Even after inflation, most of the country has been coming out ahead,” claimed CNN’s John Harwood.
Is that so? Tell that to middle-class Americans and their bank accounts. “Record inflation is costing the average American household an additional $276 per month on expenses, with millennials, Latinos, and the middle class especially feeling the pinch,” the New York Post reported last week, citing a new Moody’s Analytics study.
Marcel Fratzscher: 'good inflation'
Christine Lagarde: 'we should be happier to have a job than to have our savings protected'
Nancy Pelosi: 'there's inflation because people have jobs, and that's a good thing'
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These people never run out of excuses, don't they? https://t.co/VyaY1PaHHO— Fabian Wintersberger (@f_wintersberger) February 15, 2022