Inflation causing disposable income squeeze, economics professor Brian Brenberg warns – Fox Business

by | Apr 5, 2022 | Financial

Fox News contributor and The King’s College business and economics professor Brian Brenberg provides insight into how the inflation surge is impacting Americans’ standard of living.  The King’s College business and economics professor Brian Brenberg warned Americans are starting to feel their “disposable income squeezed” as inflation continues to surge nationwide.  “Disposable income is falling behind,” Brenberg argued on “Making Money with Charles Payne,” Tuesday. “I think it is hard to ask somebody, ‘What do you think inflation’s going to be like in the future?’ But when you ask them, how much more money do you need to…cover these costs, they kind of get that,” he remarked. FED’S BRAINARD HINTS AT AGGRESSIVE POLICY TIGHTENING AS INFLATION ROARS Brenberg added that Americans haven’t seen wage gains “big enough” to keep up with inflation and suggested that the Fed is “falling behind.” The King’s College business and economics professor Brian Brenberg argues the U.S. could combat soaring gas prices if the Biden administration boosts oil production in America.  Americans would have to earn 7% more compared to last year to sustain their standard of living, according to a survey posted by the Cleveland Fed. The Fox News contributor stressed Americans are making a shift from the products they normally buy at a grocery store to “cope” with inflation and said he’s “concerned” for the U.S. economy since prices are “not abating.”Brenberg’s comments come on the heels of Federal Reserve Governor Lael Brainard stating Tuesday that the Fed is “only beginning to understand the ways in which inflation experiences vary from household to household.” US consumer prices hit a new 40-year high in February 2022 as the world’s largest economy continued to be battered by a surge of inflation, which the fallout from Russia’s invasion of Ukraine is expected to worsen. (Photo by Patrick T. Fallon/AFP via (Patrick T. Fallon/AFP via Getty Images / Getty Images)”This is de …

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