Bloomberg op-ed slammed for ‘inflation stings most for those on under $300K’ who ‘should take the bus and eat lentils’

A BLOOMBERG Opinion piece is getting backlash after a ‘tone-deaf’ tweet saying that inflation ‘stings most’ for those making under $300K a year.

“Nobody said this would be fun,” the controversial tweet by Bloomberg Opinion reads, sparking thousands of people to react to the March 13 article by Teresa Ghilarducci.

Ghilarducci makes suggestions in the piece like pivoting to vegetables in order to avoid inflated meat prices, and taking the bus to avoid inflated gas prices.

“I expect those most affected will adjust to inflation in the classic way by shifting away from relatively expensive items toward close substitutes.”

The author also recommends that people stop buying in bulk and begin taking a second look at their budgets and recurring fees.

Critics are slamming the article as elitist. Many are saying that Ghilarducci is sharing money-saving options that seem possible from a rich person’s point of view but aren’t as fair or simple as they seem.

Outraged readers took to Twitter to share their frustration with the piece’s sentiment.

“So only the rich will survive…got it!” said Twitter user Chantal Spurgeon.

“Can’t read article due to paywall, but post says plenty. I make low 6-figure…barely over $100k. Worked 30 yrs to get there. With inflation, I feel like I’m moving backwards, now.”

Public figures and politicians are also sharing their reactions to Bloomberg’s op-ed.

Robby Starbuck, a Tennessee congressional candidate, tweeted: “Basically the elite want normal people to ‘own nothing and be happy’ about it.”

Former Democratic presidential candidate Marianne Williamson tweeted, “Eat cake!”, Referencing Marie Antoinette’s famous saying.

Many Twitter users said that the article felt tone-deaf, even telling Bloomberg to “read the room.”

“Was Bloomberg hacked? Or are the folks over there tone-deaf and completely unaware that everyday working folks read this as “let them eat cake.”

The Labor Department said March 10, that the inflation rate in the US rose to 7.9% in February 2022 compared to a year earlier.

That marks the highest rate since January 1982 and the fastest pace in 40 years.

Here’s a look at how US inflation compares to other parts of the world.