How April U.S. inflation report is impacting Americans from groceries to student loans

The April inflation report shows consumer prices decreased to 3.4% in the U.S., while student loan rates skyrocket. ABC News' Elizabeth Schulze breaks it down.
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#inflation #economy #studentloans #news #abcnews

[@borisVladimir2]

They raise interest rates, but then continue their obscene overspending and money printing. Such a mess

[@davidbenett1]

They stopped printing money when they started hiking interest rates. That's the literal meaning of quantitative tightening.

[@eabhaconnor2]

yes, my point being why go through this process if you will continue overspending and devaluing the dollar either way. It’s a mess, we wouldn’t be in this spot if our government could run a budget. On a personal note I've worked closely with my advisor to grow my portfolio from $200k to $4.8 million through stock trading because as a businessman, I prefer to invest my money rather than let it sit idle and lose value over time due to inflation.

[@michealpnoel]

Despite the ups and downs in the stock market, you've managed to turn your investments into good profits. Could you share the name of your advisor? I have $300k saved up and ready to invest. Letting money sit idle isn’t my style as well, I’d rather put it to work and keep it growing.

[@eabhaconnor2]

She is well known as - Chasity George Charles. please do your own research.

[@michealpnoel]

I've been searching for experts, and after thorough online research, I believe she fits the bill. Thanks for sharing your insights. I've already reached out to her via email, hoping she can find time in her busy schedule to assist me.

[@zebra3stripes]

Funnier than any ABC sitcom in years.

[@velshock]

New Math: Corporate Greed + Government Corruption = Stubborn Inflation

[@guylocation9823]

Keep voting for Biden. We going to lose our underwear

[@BuhodePiedra]

It’s an international problem post COVID and Mr Biden is helping us get back up after trumpkestilstskin destroyed every institution. What else do you falsely and naively blame on “The other side”? Like a kindergartner

[@mikeyoung1286]

How about corporate greed?

[@mikeyoung1286]

@@aidantech You've been programmed successfully, nice job. Expand your learning and get outside your bubble.

[@user-mb8qi3ky5q]

exactly, Corporate greed is protected by both parties. Taxation without representation

[@peterdangelo5882]

Peoples pay checks are going up faster than inflation?? Families must now pay 11 thousand more a year to live. Who got 11K raise working those Middle class jobs? Actually with housing and electricity and food and insurance you need actually like 25K more today than when this mess started. Most people did not get that - they are underwater.

[@genepires9394]

Trust the media???

[@BisasoCharles]

The most important thing everyone should think about right now is how to invest in different sources of income that are not dependent on the government. Especially given the current economic crisis around the world 🌍 . This is still a good time to invest in various stocks such as gold, silver and digital currencies, i would like to thank Steve Cohen for my crypto education...

[@catherinelyng1353]

Please how do I go about it, am still a newbie on investment trading and how can I make profit?🙏

[@BisasoCharles]

HE'S ON TE L E G R AM

[@BisasoCharles]

@stevveeC 🚀🚀🚀🚀🚀

[@BisasoCharles]

@stevveeC ⭐⭐⭐

[@catherinelyng1353]

Thanks for the information... I will contact him as soon as possible. I also want to gain good knowledge and stop losing.☺🙏👍

[@oscargluja426]

Does anyone knows what was the inflation rate by the end of 2019?

[@jakw97]

And stocks are up, makes no sense what so ever. Inföation higher than expected, stocks up. Celebrate, its a inflation bubble.

[@chrisaycock5965]

Love that people here are in still the camp of the president has to do with inflation. They have no bearing on the federal reserve It's been that way since the 1930s.

[@Shawn-ho6de]

You are a knucklehead....really no impact? None? lol....they definitely have some impact on inflation through their policies, tariffs, regulations, and taxes. The president is not solely to blame but they definitely have an impact.

[@brettdavidson3866]

But the president and fed can change direction and they need to that's the issue policy can change the current economy

[@chrisaycock5965]

@@brettdavidson3866 Literally the president can only say what they want but the federal reserve does not have to follow what the rest of the government wants. They did that purposely in the 30s because of the great depression. So no the president can't change what the fed can do. The only thing they can do with the help of congress is spend money in new bills but not control how the flow of money and how much is circulating.

[@NM25278]

Prices going up for everything but wages stay flat. Grocery is getting not affordable. We have corporate profit all time high but wages stay flat. Need address issue with inflation

[@user-cat2024]

TRUMP NOW MORE THAN EVER 🇺🇲

[@gordonsavage1988]

What about energy prices

[@sofithejellykitty7089]

This is insane. And no we are not heading on the right direction, but directly to the abismo, My family keeps raising the use of credit cards in order to feed our family.

[@PoliticalChaos]

Inflation has never stopped. Capitalism is the core of the United States. Competition keeps inflation going up and up and up. I have watched it closely since the 1960's. All the countries around the world who put tariffs on trade creates inflation in a competitive market. The government raises prices on imported goods and companies raise the prices more to make a profit but then variable cost of living difference across the nation changes prices again to make more profit. One item will be certain price in the south and in the north like New york prices will be 5 to 10 times more and they will put a sales price on it with a discount or rewards marketing for being a member like its a good deal. The economy in the US is about to be hit hard. Higher tariffs from china will cause many items in the US to skyrocket in price. Business can't turn a profit because prices are so high and people won't buy certain goods. People demand more money and there isn't enough to go around to stay floating. Millions of people will feel the effect in the months ahead. Business are closing and laying off everyday. Do not let your guard down for one minute. Jobs were created out of thin air for no reason just so people could make money. Look around at the economy in the US. How many people are working a job that isn't really needed with the technology we have today. President Biden wants America to stop importing and start creating when the US is in a financial crisis. Who is going to buy american products when the rest of the world is much cheaper on products. We did this to ourselves because we all are slaves to money. Money is a fabrication that doesn't really exist. Cost of living is what we all made it. Capitalism killed the United States. 100 trillion in US debt and 35 trillion is from the government. Thats insane after all the money america has made since the 1960's.

[@actioneverett9553]

It's going down she says. I don't believe it.

[@PeterParker-gt3xl]

Some invest for a long haul; some have inside info. some want quick fix like buying lottery tickets and some older Americans are desperate from quickly shrinking IRA, etc. Be careful not to equate the stock market with the state of economy. As long as groceries and gas bill are up, politicians can blow air all they want. Even the treasurers cannot escape politics. The first step is being independent starting from oil and gas.

[@brettdavidson3866]

Abc When i Need Toliet Paper i Listen to the news from abc this is nonsense

[@dons3073]

Borrowing ain’t the answer and you know it haha

[@robertlange5587]

Wait and hope-- is that the plan. Pfff-- what a mess...

[@aarone9000]

And you... What a brat!

[@NN-zo4rk]

Not bad 3.4 good number. Stop complaining increase the wages. CEO gets millions but 7.5 dollars minimum wage for the workers. Is capitalism working?

[@peterdangelo5882]

PPI for producers was way high yesterday. That will filter down into CPI in a few months. Enjoy.

[@luiul1]

me: these are the same people, that, when eggs went from $1.49 to $4.99, they told me/us, it was 5% inflation. you: well you just don't understand how the market economy works. me: i do know we haven't had a market economy in over 50 years. you: well you just don't understand. me: i don't understand because f888 y88.

[@matthewdurand72]

This country leadership has really been a huge problem for we the people of the united States of America.. there is so many issues to fix . How about a living wage and affordable housing, so We the people, the working class don't have to feel like slaves in Egypt

[@chuckgranger9777]

Yup, you got it, I can’t figure out how to make my life work and make good choices, so someone else come fix it for me.

[@matthewdurand72]

The pyramid on the back of the dollar is like a huge insult. Living like slaves in Egypt. The dollar is becoming worth less and less. Fix the problems, we the real Americans don't deserve to be disrespected.

[@sofithejellykitty7089]

Agree. It's all an image of lies we are told by the news. Our economy is in big trouble, and the house of cards will soon come down. We should be ashamed to be Americans. We are just living a facade, and the middle class citizens are slowly loosing their jobs and businesses.

[@sofithejellykitty7089]

What are we going to do to feed our children when our credit cards max out.

[@PoliticalChaos]

Lenders are disappearing everyday from defaults. As time progresses i suspect you will start seeing interest rates swinging based on the purpose of the loan. Interest rates could rise to 25% 50% or even 91% to limit access to borrowers and prevent further risk to the economy. I have seen it happen throughout my lifetime. Not all lenders are the same and not everyone will qualify even with good credit. Why do you think banks started removing personal lines of credit. Banks invest your money back into the economy. When you ask for money they are literally cash poor because your money is propping up the stock market. Most banks are insolvent until investments are sold. Banks use debt to cover your need for your own money and profit off your accounts. Capitalism has corrupted americans so bad they ignore the common sense stuff that is high risk. Stocks will tank, Crypto will tank, cost of living will be insane over fear. As people demand more money the crisis will only get worse in the world. If the United States doesn't abandon capitalism the entire economy will fail and millions of people will struggle on what to do when supplies are limited in the stores.

[@aarone9000]

Sooooo... we are doing well; but let's keep whineing and bitching like spoiled brats!

[@chobiden7770]

it's affecting them the same way it has for the entirety of Brandons term

[@aarone9000]

So it is a positive effect!

[@chobiden7770]

@@aarone9000 paying $11K a year MORE a year to live the same lifestyle as when Trump was in office isn't a positive thing A-aron

[@IvanCastro-kf4to]

VOTE TRUMP!!!!!!!!!!!!!!!!!!!

[@RichardTClark396]

I’m working 2 jobs sill can’t make ends meet! Can’t wait until TRUMP is back in office! Best president we ever had!

[@ricksterbobolishious7523]

Same. America feels exactly the same way.

[@MonteMitchell]

Keep dreaming, Trump will never see the office again. Especially after his felony conviction. Wake up!

[@chobiden7770]

can't happen soon enough

[@Bitcoin_Gold]

Must be lucky you have a job. It's not easy get a job now since many companies are continue layoffs or very slow hiring

[@aarone9000]

what two jobs? A trump "Koolaide" stand, and as a babysitter? I live below the "poverty line" yet under the Biden admin, I now own my home have substantial savings and healthy investments?! WTF are you people doing with your income? Let me guess, pay per view, eating out 4 times a week, & buying bit-coin?!