{"id":2199789,"date":"2024-03-15T12:35:02","date_gmt":"2024-03-15T16:35:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/suze-orman-suggests-people-are-not-doing-ok-in-todays-economy\/"},"modified":"2024-03-15T12:40:15","modified_gmt":"2024-03-15T16:40:15","slug":"suze-orman-suggests-people-are-not-doing-ok-in-todays-economy","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/suze-orman-suggests-people-are-not-doing-ok-in-todays-economy\/","title":{"rendered":"Suze Orman indicates that individuals are struggling in the current economic climate"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">24<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fsuze-orman-suggests-people-are-not-doing-ok-in-todays-economy%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2199789&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><h2>A Stark Look at Today&#8217;s Tough Economy with Suze Orman<\/h2>\n<p>Amidst\u200c the daily\u2064 buzz \u2064of <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/putins-best-friend-is-joe-biden-who-is-killing-the-worlds-greatest-energy-industry-here-in-america-larry-kudlow-on-bidens-fossil-fuel-jihad-in\/\" title=\"\u201c[Putin\u2019s] Best Friend Is Joe Biden Who Is Killing the World\u2019s Greatest Energy Industry Here in America\u201d \u2013 Larry Kudlow on Biden\u2019s Fossil Fuel Jihad in the US\">stock market highs<\/a> and\u2062 lowering unemployment figures, financial guru <strong>Suze Orman<\/strong> shines a spotlight on an\u2064 often-overlooked issue in today&#8217;s economy: the\u200d precarious state of \u2062<a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/as-cdc-extends-ban-on-evictions-smaller-landlords-struggle-to-keep-properties\/\" title=\"As CDC Extends Ban On Evictions, Smaller Landlords Struggle To Keep Properties\">personal savings<\/a>.<\/p>\n<p>On a recent\u200d appearance on MSNBC&#8217;s <em>Morning Joe<\/em>, Orman \u200bdelved into\u200d the troubling undercurrents behind \u2062the superficially rosy economic indicators. Mika Brzezinski, the show&#8217;s co-host, aptly termed\u200c the situation \u2063a \u200c <strong>\u201cfinancial pandemic.\u201d<\/strong><\/p>\n<h3>The Hidden Struggles Behind Economic Figures<\/h3>\n<p>While \u200cthe overall economy might appear healthy\u200c at a glance, Orman&#8217;s\u2063 insights reveal a different story. &#8220;I\u2019m always concerned about those, Mika, that don\u2019t\u2063 have money,\u201d\u2063 Orman\u2063 expressed. <\/p>\n<blockquote><p>\u201cInflation, even though\u200b they say it\u2019s kind of come down, people still\u200b don\u2019t \u200dhave the money they need to afford the things that they need. Not\u200d their wants, but just \u2064their needs.&#8221;<\/p><\/blockquote>\n<p>This \u200ccritical situation is exacerbated by soaring living costs. &#8220;So the rents\u2063 people are paying, the prices they\u2019re paying for <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/ca-governor-breaks-his-own-covid-rules-to-eat-fancy-french-food\/\" title=\"Ca. Governor Breaks His Own COVID Rules To Eat Fancy French Food\">real estate<\/a>, their homes, that concerns me,\u201d\u200c Orman stated, highlighting how \u200bthe cost of basic necessities is straining the wallets of many Americans.<\/p>\n<h3>GDP vs. \u2062Personal Financial Health<\/h3>\n<p>While acknowledging that the Gross Domestic Product (GDP) \u2064&#8221;looks pretty good,&#8221; Orman questioned \u200dthe relevance of this\u2062 metric to the\u2062 average consumer, stating \u2064emphatically, \u2062\u201c<strong>On an individual level, \u200bI\u200b think people are not doing \u2062OK<\/strong>. I do not.\u201d<\/p>\n<p>One of the most telling statistics Orman shared speaks \u200dvolumes:\u2063 &#8220;<strong>Over 50% of the people\u200d in the United States don\u2019t have $400\u200b for an emergency savings account,<\/strong> or \u2063if their car breaks down,\u200b so \u2063they have to go and put it on a credit card\u2062 and pay the minimum payment due and then the cycle of debt begins.&#8221;<\/p>\n<h3>The Inflation Narrative and Shifting Housing \u2063Market<\/h3>\n<p>Inflation rates have become a moving target, with the Bureau of Labor Statistics noting a 0.4% increase, culminating in \u200b3.2% for the year \u2063ending in February. \u200bWhile\u2063 these figures are\u2064 a step down from the staggering 9% inflation peak of June 2022, the effects are still rippling \u200cthrough the market, impacting the\u2063 affordability of housing\u200d and day-to-day living costs.<\/p>\n<p>Shelter costs,\u2062 which are often the biggest expense for households, have seen a jump \u2064of about 0.4% from the previous month,\u200b marking a significant 5.7% annual increase. \u200bA\u200d sobering\u2062 report from \u2063Zillow adds another\u2063 layer\u2064 to the picture: <strong>homebuyers now need an\u200d 80% higher income than what was required\u200d in 2020 just to afford a\u200b home.<\/strong><\/p>\n<p>This economic tightrope is a\u200d stark reminder that \u200bthe macroeconomic\u200d successes\u2062 touted may not reflect the lived\u2062 reality\u2064 of everyday Americans. With <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/kevin-mccarthy-sends-letter-to-members-outlining-americas-declining-condition-under-biden-democrats\/\" title=\"Kevin McCarthy Sends Letter To Members Outlining America\u2019s Declining Condition Under Biden, Democrats\">financial experts<\/a> like Suze Orman ringing\u2062 the alarm \u200dbells, it&#8217;s essential to\u200c look beyond the\u2062 headlines and consider the true health of personal finances across the nation.<\/p>\n<p>Understanding the complete picture, from soaring\u2062 real estate prices to the inability of many to \u2063<a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/stimulus-update-direct-payment-worth-1312-from-alaska-fund-being-sent-in-six-days\/\" title=\"Alaska stimulus update: ,312 direct payment arriving in 6 days\">cover unexpected expenses<\/a>, is critical. Orman&#8217;s insights\u200d provide a necessary wake-up call\u2014and \u200ba realization \u200dthat the\u200d economy&#8217;s recovery may not be\u2063 as inclusive or as robust as some data might suggest.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Suze Orman, on MSNBC&#8217;s &#8220;Morning Joe,&#8221; raised alarms over personal savings amid what&#8217;s termed as a &#8220;financial pandemic.&#8221; Despite lower unemployment and a bullish stock market, Orman&#8217;s assessment points to underlying economic distress<\/p>\n","protected":false},"author":2631,"featured_media":2199790,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/wex-s3.s3.us-east-1.amazonaws.com\/wp-content\/uploads\/2024\/03\/AP9905443073386284-683x1024.jpg","fifu_image_alt":"","footnotes":""},"categories":[538],"tags":[],"class_list":["post-2199789","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-washington-examiner"],"fifu_image_url":"https:\/\/wex-s3.s3.us-east-1.amazonaws.com\/wp-content\/uploads\/2024\/03\/AP9905443073386284-683x1024.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2199789","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/2631"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2199789"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2199789\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2199790"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2199789"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2199789"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2199789"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}