Yellen: There’s ‘More Distress’ in Low-Income Households, But Households ‘Generally’ in ‘Very Good’ Shape

Breitbart ^ | 04/08/2024 | Ian hatchett

[ChicagoConservative27]

During an interview with CNBC released on Monday, Treasury Secretary Janet Yellen said that “Some low-income consumers are perhaps exhausting their buffers of saving[s] that they built up during the pandemic, we’re seeing a little bit more distress at the household level there.” But despite that, “we’ve got a good, strong economy” with “very strong domestic demand” that is “on a solid track” and “generally, households are in very good financial shape.”

CNBC host Sara Eisen said, “I guess I’m just wondering if the economy continues to hold up, no matter what happens on the Fed.”

[bgill]

Other than Fauxi and Gates, who built up their savings during the plannedemic? With inflation, any previous savings has lost it’s worth.

[Magnum44]

There’s ‘More Distress’ in Low-Income Households

[PapaBear3625]

Her job is to spew nice-sounding idiocy, which the media will dutifully report as fact.

[Fireone]

Lost the house
Can’t afford rent
Cupboards are lean
Working two/three jobs
Apparently, ‘Very Good’ Shape’ means still breathing.
Thanks a lot, Janet, appreciate your take on things.

[ding_dong_daddy_from_dumas]

Low-Income Households

Those with incomes less than 20K per month?

[Sam Gamgee]

I think she is equating her economic reality with the rest of the 90%.