Inflation airhead: NBC's Stephanie Ruhle says the "dirty little secret" of people complaining about paying higher prices for food and fuel for their homes is they can afford it just fine. According to her, people should have been saving during the pandemic and stocks look good.
According to Ruhle, people should stop complaining about paying more for food because the price of their homes has increased. So, should they sell their home or take out a loan on it to buy food?
One of her other arguments is that a majority of households have investments in the stock market. But much of that is intended for retirement. So, is Ruhle's advice for them to tap their 401Ks early to survive the winter?
She also pointed to savings going up during the pandemic. What about the people who lost their jobs because of the lockdowns? What income did they have coming in to save?
On @NBCNews, @SRuhle reveals your 'dirty little secret': You can afford to live with inflation just fine, so shut up about it newsbusters.org/blogs/nb/nicho…
.@CurtisHouck and I discussed Ruhle's let-them-eat-cake moment on the NewsBusters Podcast today. Check it out!
newsbusters.org/blogs/nb/nicho…
newsbusters.org/blogs/nb/nicho…
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