Everyone is being straddled with the hardships of staggering inflation. Earlier this month, the Bureau of Labor Statistics reported that the consumer price index increased 7.9% over the past 12 months – reaching a new 40-year high for inflation. A Bloomberg Opinion piece provided Americans with advice on how to deal with record inflation, which included eating beans, taking the bus, and skipping chemo for your sick dog. Twitter lambasted the article by calling the piece "out of touch."
Teresa Ghilarducci – a self-proclaimed "retirement security expert" and professor of economics at the New School for Social Research – wrote an opinion piece for Bloomberg titled: "Inflation Stings The Most If You Earn Less Than $300K. Here's How To Deal."
Ghilarducci highlighted that "prices for animal-based food products will certainly increase." The writer noted, "Meat prices have increased about 14% from February 2021 and will go up even more."
Ghilarducci added, "Though your palate may not be used to it, tasty meat substitutes include vegetables (where prices are up a little over 4%, or lentils and beans, which are up about 9%)."
The article pointed out that gas prices are up a whopping 38% in February 2022 compared to the previous year. The writer recommended taking public transportation such as a bus. The article also suggested selling your car.
Another piece of inflation advice is to skip getting chemotherapy for your dog suffering from cancer.
"If you’re one of the many Americans who became a new pet owner during the pandemic, you might want to rethink those costly pet medical needs. It may sound harsh, but researchers actually don’t recommend pet chemotherapy — which can cost up to $10,000 — for ethical reasons."
The article included a link to a study that examined the "ethics of using chemotherapy in dogs with cancer."
"As chemotherapy is not generally considered curative, it is in effect palliative care," the study declared. "However, palliative care may not be in the best interests of a terminally ill animal."
The American Kennel Club advised, "Cancer is unfortunately often incurable in dogs. In these cases, chemo may still be recommended as a way to help ease your pet’s symptoms resulting from the disease."
The official Bloomberg Opinion Twitter account promoted the article by tweeting: "Take the bus. Don’t buy in bulk. Try lentils instead of meat. Nobody said this would be fun."
The Bloomberg Opinion inflation advice was lampooned on Twitter.
Radio host Tara Servatius: "Elites to those making less than 300k: you'll own nothing, you won't even be able to afford meat or a pet, and you'll shut up and be happy."
Former Trump lawyer Jenna Ellis: "How to deal, you peasants."
Political scientist: Seth Masket: "Inflation stings most if you’re in the bottom 99% of earners."
Rapper Zuby: "They forgot the most important one... 'Stop being poor.'"
Communications director Evan Serpick: "This is a real thing that a real news outlet just tweeted."
Ohio Sen. Michael Rulli: "Turn off the money printer."
Former Democratic presidential candidate Marianne Williamson: "Eat cake!"
Author Gregg Favre: "Can only assume the draft title of this piece was 'Must suck to suck, losers.' Under $300k per year is roughly 98% of the population. 53% of Americans can’t pull a $1,000 from savings if an emergency happened."
Congressional candidate Robby Starbuck: "Basically the elite want normal people to 'own nothing and be happy' about it."
Canadian politician Pierre Poilievre: "Could this be more out of touch? Here's how to really fight #JustinFlation: Stop printing money. Make more stuff that money buys - gas, groceries, houses. Fire the politicians who don't get it."
Republican communicator Matt Whitlock: "An actual recommendation in this is to let your sick pet die. The Biden economy is rough."
Writer Doug Powers: "Be open to homelessness. Don’t get too attached to your pets because you might have to eat them. Keep repeating 'this isn’t Biden’s fault.'"
For America: "Take the bus and eat lentils. That’s how the media thinks we should deal with Bidenflation."