Titre de la page (sans l’espace de noms) (page_title) | 'Bloomberg Economists Tells People They apos;ll Spend An Extra 5 200 A YEAR' |
Titre complet de la page (page_prefixedtitle) | 'Bloomberg Economists Tells People They apos;ll Spend An Extra 5 200 A YEAR' |
Texte wiki de la nouvelle page, après la modification (new_wikitext) | 'Bloomberg economists have sparked outrage after they told people that they should expect to spend an extra $5,200 this year due to - while insisting that the average person will be able to cover these costs with the additional saving that they 'built up over the pandemic'. <br>Andrew Husby and Anna Wong have come under fire after they spoke out about the that they anticipate for 2022 in an published on March 29.<br>The economists said that American households can expect to spend $5,200 more this year on the same goods and services as last year, which equates to an extra $433 per month, however they insisted that these extra costs will be 'cushioned' by 'excess savings built up over the pandemic' - a suggestion that many on Twitter have taken issue with. <br>The pair also claimed that as savings start to deplete, people who were out of work due to the COVID-19 pandemic will want to rejoin the labor force, and this will lead to an 'increase in labor supply' and a drop in salaries. <br> Bloomberg economists Andrew Husby (pictured) and Anna Wong have sparked outrage after they told people that they should expect to spend an extra $5,200 this year due to inflation<br> Andrew and Anna (pictured) wrote that the 'excess savings built up over the pandemic,' as well as the 'increases in wages,' should 'cushion those costs'<br> When someone posted a screenshot of a Business Insider article about their predictions to Twitter, it did not sit well with some people<br>'The excess savings built up over the pandemic, and increases in wages, will cushion those costs, and allow spending to expand at a decent pace this year,' they said. <br>'But accelerated depletion of savings will increase the urgency for those staying on the sidelines to join the labor force, and the resulting increase in labor supply will likely dampen wage growth.' <br>Someone then took a screenshot of a article about their predictions and posted it to Twitter, where it quickly went viral - gaining more than 9,000 retweets and 84,000 likes - and it did not sit well with some people. <br>'Oh for sure, no problem lol,' the user captioned a snap of the article's headline, which read, [https://healthtian.com/?s=%27Americans 'Americans] should budget an extra $5,200 this year to cover rising prices, Bloomberg economists estimate.' <br>His tweet launched some major backlash for the economists, and as can be expected, many people were not too happy with the news that they may have to spend thousands more dollars this year.<br>They took to social media to share their dismay - with some pointing out that they don't have any savings built up, and don't make enough money to cover the rising costs. <br>'Should that come out of my caviar budget, or should I downsize my yacht? Maybe cancel my third Monaco trip?' joked one user, with another writing, 'Guess I better put some extra fertilizer on that money tree out back.'<br>'Oh yeah, totally, let me just go ask my boss for a 20 per cent raise because Bloomberg said so, sure no problem,' said a third. <br>'Do they think "budget" means "conjure money with you magic wand?"' asked another disgruntled person. <br> RELATED ARTICLES <br><br><br><br>Share this article<br>Share<br><br><br><br> <br> <br> <br> <br> <br> <br> <br> <br> <br> <br> <br> <br> <br> <br> <br> As can be expected, many people were not too happy with the news that they may have to spend thousands more dollars this year, and they took to social media to share their dismay<br>'A majority of people don't make this much a month. Budget?! B***h?!' wrote a different user.<br>'Cool, I'll just dip into my emergency rising prices account,' read a fifth tweet.<br>'I don't even understand what this advice is supposed to mean,' tweeted another angry reader.<br>'Budgeting is allocating the money you have. Budget $5.2K for what? Food? Housing? People can't just choose to have $5.2K more in income. For everything they're only ever allocating the same dollars.'<br>'So we should just pull the money out of our a**es?' asked someone else.<br>Another pointed out: 'There is no such thing as "budgeting extra money" at all. You can only earn extra money, you can't just make it up out of nowhere.' <br>'It has taken me about three years working consistently to save $5,000 because of constant life happenings. Imagine being this out of touch,' said one person.<br>'Most people live paycheck to paycheck. And while saving is good to do, people can't save beyond their earnings. And most people don't earn enough,' read a different tweet. <br>According to , in April 2020 - when the pandemic first hit - the unemployment rate reached 14.8 per cent, which is the highest rate observed since data collection began in 1948. <br>In March and April of 2020, employers shed a staggering 22.4 million jobs. COVID-19 forced consumers to stay home as a health precaution and made many businesses close, reduce hours, or lay off staff.<br>At the end of last year, it was reported that the United States had regained nearly 18.5 million jobs since April 2020.<br>However, it was reported at the time that the economy was still 3.9 million jobs short of where it stood in February 2020, and the prospects for the economy remain vulnerable to COVID variants such as omicron. <br>Back in February, a professor of economics at the University of Massachusetts Amherst named Isabella Weber spoke to about what she thought was contributing to the rising prices.<br> <br> <br> <br> <br> <br> <br> <br> Some pointed out that they don't have any savings built up, [https://www.content-spinning.fr/ Redaction] and don't make enough money to cover the rising costs<br>She said that due to 'supply chain issues' and a rise in demand, companies are facing difficulties in delivering their products. <br>'Companies always want to maximize profits, right? In the current context, they suddenly cannot deliver as much anymore as they used to,' she explained.<br>'And this creates an opening where they can say, well, we are facing increasing costs.<br>'We are facing all these issues. So we can explain to our customers that we are raising our prices.<br>'No one knows how much exactly these prices should be increased. And everybody has some sort of an understanding that, oh, yeah, there are issues, so, yes, of course companies are increasing prices in ways in which they could not justify in normal times.'<br>She continued: 'But this does not mean that the actual amount of price increase is justified by the increase in costs.<br>'And as a matter of fact, what we have seen is that profits are skyrocketing, which means that companies have increased prices by more than cost.<br>'In the earnings reports, companies have bragged about how they have managed to be ahead of the inflation curve, how they have managed to jack up prices more than their costs and as a result have delivered these record profits.'<br><br>adverts.addToArray({"pos":"inread_player"})Advertisement<br><br><br>data-track-module="am-external-links^external-links"><br>Read more:<br><br><br><br><br><br><br><br><br>DM.later('bundle', function()<br>DM.has('external-source-links', 'externalLinkTracker');<br>);' |
