by John Rigolizzo
Twitter users across the political spectrum excoriated Bloomberg News for an opinion column suggesting low income Americans find ways to lower their costs to deal with skyrocketing inflation.
The column, titled “Inflation Stings Most If You Earn Less Than $300K. Here’s How to Deal,” was written by Teresa Ghilarducci, a professor of economics at the New School for Social Research, a private university in New York. In it, she explains that inflation, especially soaring gas prices, will do much less harm to Americans who earn more than $289,000 per year. For those near the median income of around $50,000, or less, decisions will be much harder, Ghilarducci wrote.