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Money Rehab with Nicole Lapin

Plot Twist: Inflation May Help You

Money Rehab with Nicole Lapin

Money News Network

Education, Self-improvement, Business

4.61.7K Ratings

🗓️ 11 November 2023

⏱️ 7 minutes

🧾️ Download transcript

Summary

Originally aired 7/5/22 For some folks, inflation is actually helping their net worth. To see if you're one of the lucky few, tune in!

Transcript

Click on a timestamp to play from that location

0:00.0

Hey guys, are you ready for some money rehab?

0:03.0

Wall Street has been completely upended by an unlikely player, GameStop.

0:09.0

That's good, not.

0:10.0

And should I have a 401k?

0:12.0

You don't do it?

0:13.0

No, I know.

0:14.0

You think the whole world revolves around you and your money.

0:18.0

Well, it doesn't.

0:19.0

Charge for wasting our time. I will take a check like a check.

0:25.0

You recognize her from anchoring on CNN,

0:30.0

CNBC and Bloomberg.

0:31.0

The only financial expert you don't need a dictionary to understand.

0:36.2

The cold lapid.

0:37.9

We have all been feeling the effects of inflation, and for most of us, those effects are less than ideal.

0:44.0

We're paying more at the grocery store, at the gas pump, and all of a sudden our paychecks get us less.

0:50.0

But there's actually one group of Americans that has gotten some good news on inflation,

0:54.6

and that group is Social Security beneficiaries.

0:57.8

The Social Security Administration does something for beneficiaries that is very smart and

1:02.1

very important.

1:03.3

Annually there's an evaluation to determine whether macroeconomic factors,

1:07.4

specifically inflation, are affecting the cost of living.

1:10.8

If that evaluation turns up evidence that inflation will affect

...

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