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The Washington Post published a news article by economics reporter Abha Bhattari that said Americans are getting it used for inflation and “learn how to deal with it”. This contrasts with various indicators, including a Gallup poll that found that 56% of Americans said inflation is causing difficulties.
After months of depression, Americans are finally starting to feel better about the economy “He succumbed even more to inflation,” Bhatari wrote.
“Americans are making small changes – buying meat in bulk, for example, or switching more shopping to discount chains – which suggests that many families are learning to deal with higher prices,” she continued.
After similar White House talking points, Battari stressed the gas drop from a record $5, saying that “the 25 percent drop in costs was a big deal for many Americans.”
“Meanwhile, inflation eased slightly – rates held steady in July, although still 8.5 percent higher than a year ago – as a result of sharp rate increases by the Federal Reserve,” she wrote.
The article detailed the account of Nils Haaland, a man in Omaha who said that “rising fuel and food prices this summer forced him and his wife to stop eating out, postpone summer travel and buy less meat.”
“Although prices remain relatively high, he says he is less concerned about inflation continuing to spiral out of control,” the Washington Post reported.
The article also detailed the story of Jack Foot, a California man who planned to retire in June, but remained in his job due to concerns that The economy will stumble even more.
“Although inflation remains a top priority for American voters in the run-up to the midterm elections, the percentage of Americans who say it is their biggest concern has declined,” Bhatari stated.
“The Fed’s latest ‘Beige Book’ report, released this week, found that many households retreated to cheaper goods and shifted more of their spending toward necessities such as food,” Bhattarai wrote.
“This has certainly been the case at Walmart, where executives say they see more middle- and high-income customers than usual,” she said.
This is not the first major media article aimed at lowering the expectations of the American public regarding their standard of living due to inflation. last year, Bloomberg published an article Titled “For Americans Shocked by Inflation, Argentines Have Some Advice” detailing ways in which Americans should modify their behavior and lower their expectations in order to deal with inflation.