Peter Morici: For Working People, ‘Rent Takes Up Too Much of What They Earn’ and What’s Left Over Is Swallowed Up by Food Prices

RUSH TRANSCRIPT Scott The ░░░░░░░░ Research Center did a ░░░░░░░░ of asking Americans what ░░░░░░░░ them economically The results ░░░░░░░░ kind of sad 72 ░░░░░░░░ they are very concerned ░░░░░░░░ food prices 64 said ░░░░░░░░ re very concerned about ░░░░░░░░ prices 51 say they ░░░░░░░░ concerned about energy prices ░░░░░░░░ buying gas to get ░░░░░░░░ work Those are bad ░░░░░░░░ MORICI Energy prices really ░░░░░░░░ not much of a ░░░░░░░░ right now The real ░░░░░░░░ are food prices and ░░░░░░░░ skyrocketing rent prices We ░░░░░░░░ hearing that rents are ░░░░░░░░ to come down and ░░░░░░░░ are going to normalize ░░░░░░░░ they never do Even ░░░░░░░░ now home prices continue ░░░░░░░░ rise despite the fact ░░░░░░░░ the economy is supposed ░░░░░░░░ be slowing down For ░░░░░░░░ people people with ordinary ░░░░░░░░ rent takes up too ░░░░░░░░ of what they earn ░░░░░░░░ what is left over ░░░░░░░░ swallowed up by food ░░░░░░░░ There s not much ░░░░░░░░ for luxuries Consumer attitudes ░░░░░░░░ improved but they came ░░░░░░░░ from a level that ░░░░░░░░ lower than the Snakes ░░░░░░░░ People are not happy ░░░░░░░░ there Joe Biden s ░░░░░░░░ on the economy is ░░░░░░░░ and he s going ░░░░░░░░ have to simply do ░░░░░░░░ than tell them sing ░░░░░░░░ good song in South ░░░░░░░░ to get through all ░░░░░░░░