Americans are more worried about inflation hurting their wallets than they should be — and they should “calm down” and “stop complaining” about it, according to a Washington Post columnist.
“Overall, many Americans aren’t suffering as much as they think they are and we can think things into existence because we are unrealistically fearful of something that hasn’t happened yet,” the paper’s personal finance columnist Michelle Singletary said during a Wednesday appearance on MSNBC. “We don’t know if we’re in a recession yet.”
Singletary downplayed concerns about the impact of rising prices after MSNBC anchor Chris Jansing pointed out a poll by Politico and Morning Consult which showed that 38% of Americans “say they would rather see a recession than the inflation we’re dealing with.”
“I read that to mean more than a third of Americans are so pressed by what they’re having to pay for gas, for food, everyday items, rent, that they’d rather see a recession. Is there where we are right now?” Jansing asked.