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Podcast: Money Life with Chuck Jaffe
Episode: Bankrate's McBride: Inflation sparked 'a complete reversal' in savings comfort levels
Description: Greg McBride, chief financial analyst at Bankrate.com, says that even though consumers are largely in better position than they were just a few years ago, they're not feeling it now as credit-card debt has been rising and savings levels shrinking in the face of inflation. As a result, the percentage of Americans saying they are uncomfortable financially has skyrocketed, with inflation as the cause because it doesn't just erode savings but it grates on confidence. Also on the show, David Elefant of Elefant Financial talks about the financial issues that the LGBTQIA community is worrying about as it c...