Steve Rattner digs into the latest inflation report 

Is anyone else struggling to afford to live?

I remember Biden taking office Jan 2021 not June 2022.

The most expensive vehicle to drive today is the shopping cart

Appreciate?! How can they appreciate anything after working 40-60 hours a week and still don’t have enough because you need an average of 60k a year across America to afford rent?! I think we need to reassess the issues here. Yeah wages still are not high enough, but our free market commoditization of necessities is conflicting with some employers ability to even come close to meet living wages. Stop giving workers a hard time. They literally can’t work any harder and the nerve to say they don’t appreciate is completely detached from reality. It’s not just wages, price controls or windfall taxes or something needs to be implemented because every penny we get more, the price of services and goods goes up a dollar yet none of that “trickles back down “ into increasing wages further. I’m in my 40’s and I’m over it! My kids are having a harder time than I did at their age plus they have to clean up the mess left by my grandparents. Aggressive actions need to be taken. People don’t want to rent homes with 6 roommates just to get by. Single parents are doomed and abortion is illegal in like half the states. In ten years we will have triple the homeless if it keeps up.

Imagine if companies were held accountable for price fixing... one can dream.

Putting sprinkles on a pile of crap doesn't make it a cake

I keep digging into my pocket to afford to live. 👎🏼

Your economist can live on my wage . See how they like it

Take out food and energy? The average American doesn't appreciate how great they have it

The rise in housing is because apartment owners raise rents year after year until renters cannot afford their rent and need to move but cannot find another apartment in their budget. Older Americans are needing to continue to work well into their 70s if they have only had high school educations. It’s time to cap rent on property owners who don’t reinvest in the properties, building that a well below “market value.

I don’t think the high food prices is only related to inflation. I think it is also related to the monopolization of big farms, chicken and meat production.

They keep carving out specific items out of inflation data. Look at the items excluded.

First order of business tax the rich

HUD is reporting a historic rise in homelessness. I wish they would talk about that.

Everything is high!!. Greedy corporations and career politicians are the biggest problems. If you think wages are keeping up with inflation you are also high. None of the anchors do thier own grocery shopping. Try to buy $200 worth of groceries for a family of 4. Also that low unemployment rate is just people having to get 2 jobs. Thanks MSNBC

There was nothing to appreciate or celebrate about that inflation report. Even the hosts did not fall for the explanation.

Car rental does not cut into your salary if it’s for work. As someone who traveled for work for decades I never once paid for a car rental, hotel, or meals as they were all expensed. This may be part of the problem though because I really didn’t care what something cost as long as I stayed within company expense guidelines.

Homeowners insurance prices, especially in states hit by fire, flood, disaster have gone through the roof. But what I can't understand is why the car insurance prices also followed. Why?

Steve Rattner needs to explain why the bottom wage earners are increasing their wages. States are raising their minimum wages. Washington state's minimum wage is $16.28 per hour. Unfortunately, the states that are raising their wages are also the most expensive states to live and the cost of living is also increasing.

Bought a bottle of Kraft salad dressing for two dollars. It's usually three-fifty. And my money is stretching a little more this month compared to the last two months. A good sign that inflation is easing somewhat.

It’s the same problem everywhere. I’m a Brit living in Germany. My old car didn’t pass the tech exam in January, repairs would’ve been mire expensive than the car was worth. It took me up to now to find an affordable used car. Cars 15-20 years old costed more than my last car' which was only 7 years old at the time. I wish our purchase power would go up a bit.

A loaf of bread just went from 2.50 to 3.79. When is the last time Ratner shopped

Man the desperation at MSDNC is truly something to see …. Thanks ~Jim Eagle

Notice how they only showed 2 items on that first graph. There’s like 15 items on that list. Those are the only 2 they can show people that have gone down. Everything Else is still high AF

A food addiction is more expensive than a coke addiction

Not voting Blue no matter who

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5 cuts (selective editing) in a 14 second video of Squinty agreeing to debate. Did they tell him teleprompters, hidden earpieces, secret notes, & pre-scripted questions aren't allowed?

Joe is 100% correct.. the economy is the main issue but young people have just accepted that they have no chance there... which allows them to focus on petty stuff like humanity.

It's not inflation and these young people are totally wrong it's price gouging there are less and less competitors in the grocery business in the gas business the companies are price gouging because they can

"Why are insurance and car rentals so expensive?" Because insurance companies are driving up the prices because of EVs. I replaced a gas power car with an EV and my monthly insurance price increased $130. And that was after shopping around. I've seen lots of reports saying that very minor damage "totals" an EV, so they are ramping prices up across the board to cover it. Same for home insurance. In 11 years, my home insurance has doubled twice.

I agree somewhat. I can avoid buying $20 beef and instead buy $1.20/lb chicken legs. There are things which are still hard to avoid. Most my kids are struggling with rent much less home ownership. We just bought a used vehicle. We searched for weeks to find a car for $16k that didn't need immediate repairs.

Making more doesn’t mean everything is cheap the pay doesn’t keep up with cost of living so everyday people aren’t feeling it 😢

So we not going to talk about corporate greed?

Buy Kroger and Exxon stock if the prices of gas and groceries really bothers you.

"Hey dad, where's my coke??" "Right next to the classified d-- ... the ... uh ... the ... you know - the thing! Come on man!"

What planet does Steve Rattner live on? I can't afford meat or fresh fruits and vegetables any longer. One grapefruit cost $2 my local grocery store. A 16oz bottle of soda costs $2.80. Fixed income citizens are now on involuntary starvation diets. Once you pay your rent if you can afford to still pay rent, you are literally broke. I'm voting for anyone who is most likely able to put an end to this madness. At retirement, this is our reward for a lifetime of contributions to economic well being of this country? The greed that is pervasive in boardrooms is unbelievable. And by the way, thank you to everyone of you greedy Republican and Democratic politicians who make poverty a reality in America.

This illustrates the disconnect between reality and perception. When Gallup asked people how their personal financial situation is, a plurality say they are doing well and the same number who say it is poor as it was in 2020. But when they asked them their perception of the economy, more people think it is worse now than it was in 2020. That is what disinformation from the media has done and very few have been willing to counter it, so thanks for this dose of reality.

They bust out their stupid charts and graphs, and lie right to your face as if we arent all EXPERIENCING this. They dont experience the financial squeeze, theyre all rich!

This dude is delusional

Love Joe but no business person pays for their rental car their business does.

We are working multiple jobs n still can't keep up with bills n groceries lol

If the economy is so good why is the wages line falling on that chart 🤨

So, Wall Street seems to be voting for Biden.

Love listening to MSNBC tell how great I have it. Thanks

We have had decades/generations of diminished net returns on the labor dollar and increased expectations and debt... No administration will fix it and realize the results and be credited while in office or campaigning.

How about older people on SS???

"Inflation" is down this month because a 0.4% from last April fell out of the 12-month calculation window. Next month a 0.1% from May 2023 will fall out of the calculation window, meaning that if prices go up by half as much in May as in April (0.15% - which annualized is below the 2% target), "Inflation" will be down in April and up in May even though prices went up more in April than May. The 12 month average is interesting to look back on but is a pretty silly metric to talk about in the context of reporting on what prices are doing right now and going forward.

Steve Rattner!

Come to the Mid-West (except Chicago)! You can find super cheap homes in Flint, MI or Youngstown, OH. We have cell service and fast food chains. What more do you need?

Things are great, Great news groceries are cheap thank you Brandon thank you Joe and Monica

It's over, isn't it?????

It seems you're referring to the idea that a significant portion of recent inflation might be attributed to corporate greed rather than just cost adjustments related to the pandemic. This perspective suggests that companies have been raising prices beyond what is justified by increases in their costs, potentially to boost profits. To clarify: - **Pandemic-related cost adjustments**: During the pandemic, supply chain disruptions, labor shortages, and increased demand for certain goods led to higher costs for businesses. These increased costs were passed on to consumers, contributing to inflation. - **Greed-based inflation**: This suggests that some companies may have exploited the situation to raise prices more than necessary, taking advantage of the overall environment to increase their profit margins. The claim that 45% of inflation is greed-based implies that nearly half of the recent price increases could be due to companies' profit-maximizing behavior rather than just recovering from pandemic-induced cost pressures. With profits up for the rich, the gap between the rich and poor is growing. Not narrowing.

Has very little to do with interest on housing. Housing inventory is depleted and houses that are available go into a bidding war. I couldn't afford my first house until I was in my 40's and I'm in my late 60's

For housing to drop, either millions need to lose their jobs, or they need to lower rates and encourage building more properties. I think they’re choosing the former.

Whose wages are increasing 4%? That’s bull. You will be lucky if the average company throws you the minimum 2, some aren’t even giving out raises this year.

Scams from auto dealerships. I buy used but private so I am not paying someone's commission. BTW, the average for mortgage rates, overtime, is 6%. I remember parying 13% in 1983. And hubby and I bought a house THAT WE COULD AFFORD. People can change the narrative by refusing to pay these higher home prices. I sold 4 homes myself which cut out half of the realtor's commission.

Why don't we want deflation? Cheaper prices

Young people eating Marconi and cheese and living in a tent

Haha .. I would share this, but let’s face it , trumpers don’t see or understand facts, and charts 🥹🤷🏽‍♂️😃😃

Basic Info. US Inflation Rate is at 3.36%, compared to 3.48% last month and 4.93% last year. This is higher than the long term average of 3.28%. The US Inflation Rate is the percentage in which a chosen basket of goods and services purchased in the US increases in price over a year.

Inflation isn't driven by one person. Inflation is a Global factor. High/Low oil prices, War in Russia/Ukraine, $Dollar Trading, Politics across the globe, Weather destroying crops, Lack of rain to grow crops, etc, etc, etc!

Gas, groceries, and housing is only three bills especially with streaming services by the end of the month you have nothing left and whos raising job salaries. because as a general laborer/ factory worker my job I was just at went from 15 an hr to 16 over 2 years

Where's Health Insurance in Year-over-Year Change? When I lived in the States (early 2000s), we had disposable cash without health insurance. Or is Car Rental & Insurance meaning all Insurances (home, medical, car...)? Because that's how their system works: you file like in a car accident, wait for settlement, and hope your claim isn't rejected - cause it might be your fault (preexisting conditions)?

The federal reserve is not going to cut rates. Amazing how dumb this network is

This channel is the National Enquirer of tv channels

Inflation is easing? Lol it's still ridiculous though. It costs $49 for about 6 grocery foods.

It's greedy CEOs that are the problem.

Comments that don’t agree with the content here are deleted. YT and this channel censor comments. 👎🏼

A. A 12 minute video dedicated to inflation on MSNBC? I think it's going to snow in August.

So the price of food dropped a few pennies. Big deal. Joe needs to go😂😂😂

Rattner 👍

Mika catching strays out of nowhere.

Real inflation going up up up, migration going up up up, tax going up up up

Record profits for Fortune 500 means inflation is from gouging.

You took food and energy out of the inflation and celebrate the market reaching a new high 😬

The conditions for inflation, a lagging indicator, were set during lockdown beginning with the supply chain disruptions. Increased demand and returns for investors (price gouging) played a role as did tariffs (Trump promises more of the latter). Unlike the sluggish recovery from 2007 financial crisis, the post Covid "V" shaped recovery was much quicker. The Fed finally got the inflation it was trying to stoke since 2007 so it can end the zero interest "free money" policy similar to Japan's lost decades. Inflation crisis was handled pretty well, especially compared to the 1970's and 80's when interest rates were north of 20%. Social security received a cost of living increase, now the private sector has to play catch up.

Imagine if the WHO can be held accountable for what they did to the human race - one can dream.

lol 2 tenths of 1 percent ? that is LESS than the margin of error.... you guys are clowns

The Liberal RU-vidrs here won't allow me to respond to their replies in my comments. That is COWARDLY but Totally-expected.

Imagine getting mad at companies for giving you less product for your money because the money is worth less due to the fact that you printed more money in the last five years than in the previous forty.

What Planet is he living on?😮

0.2% and you guys are crowing about how good it is!!! WOW talk about out of touch!

the whole world is industrializing right now and eventually everybody on earth may have the similar lifestyle opportunities. The earth cannot handle 9 billion people driving SUVs which means we here in the USA need to change our lifestyle to not depend on cars. EVs are a million times better than dino juice, but we'd have to dredge the entire ocean floor to get enough lithium to make all the batteries for everyone on earth. We need bold choices to change our lifestyle.

Your analysis sucks the big Casuga. Yes auto insurance increased once, rent increased once but in both cases the consumer has to pay those higher prices each and every month. My auto insurance increased 60% in December, and I have to pay that enormous price increase forever. My rent nearly doubled and it's impact is forever. Also a wage increase of 4.5% is one off while the increase in prices is each and every month so it doesn't take long for the accumulated impact of inflation to overwhelm that one off increase in wages. Bottom line, aggregate data does not reflect income disparity and more so, they distort the true picture.

Guys: If I were a young person facing difficult decisions because of increasing costs, I would have turned this off by the halfway point. I stopped watching Ari two or three years ago because he thinks our political and legal situation should be interspersed with fun and games about rap and hip hop. Whatever sense a young person was supposed to make of this report, and Rattner knows his stuff, is completely lost in the comedy talking over and interrupting him. This is the way you lose young people"s votes. You claim to be taking their concerns seriously, but then you show by your antics that you don't.

Inflation is soooo bad...even black people don't want to vote democrat this time.

I sure miss cheap gas and mean tweets. 😥

More than anything else, people are going to vote with their pocketbook. When Trump left office, we we’re moving forward with an 8% rate of growth and a 1.4% rate of inflation. We were also the world leading producer of energy and we were energy. Independent according to the non-partisan EIA. The first day that Joe became president, he negated all of the programs that were put into place by Trump that gave us a supercharged economy. We are now importing fertilizer from Russia. He is a huge contrast between the two administrations.

If Trump was president now the media would be cheering on the economy and how important it was to amend constitution to allow him a third term.

Young people should buy a bicycle to get to work

Hello Mika.👋🐤🐇. Me to Mika: Yes. He lacks discipline.😠.

Old people eating dog food

MSNBC propaganda!

Ratner why don't you repeat the lie that Brandon's been telling about the inflation he inherited

Grocery prices fall for first time in a year.

Bidenflation

This “reporting” is so disingenuous it’s crazy. Inflation hasn’t come down. Has there been a slow down of the rate of inflation going UP, yes, but that doesn’t mean it’s going down. Prices for everything are up the past 4 years from 20-100% depending on the category. Show me peoples wages that have doubled or tripled in the last 4 years?! What are they even talking about.

Joe Biden: Lead singer of the Stinking Hot Chili-Diapers.

INFLATION January 2021 - 3% April 2024 - 9% The high was 17% 2022