Woman hits a nerve with millions of as she reacts with disbelief at JP Morgan ... trends now
JP Morgan's CEO has come under fire for claiming average Americans are in 'pretty good shape' financially, despite soaring inflation and stagnant interest rates crippling household budgets.
Jamie Dimon was blasted as 'out of touch' for the comments, made during an interview on the Wall Street Journal's podcast, The Journal.
Dimon, who is estimated to be worth around $2.1 billion according to Forbes, stated that consumers 'still have excess money from COVID'.
'The consumer's in pretty good shape right now,' Dimon told interviewer Emma Tucker.
But his remarks were slammed online, including by one furious TikToker left in disbelief, after the head of the US' largest bank claimed Americans are 'still spending down' funds handed out during the pandemic.
'My jaw was dropped at the sh** he was saying. It is so f***** out of touch this is the largest bank in America,' a TikToker said in a viral response.
JP Morgan's CEO Jamie Dimon has come under fire for claiming average Americans are in 'pretty good shape' financially despite soaring inflation and stagnant interest rates crippling household budgets
TikTok creator Anna, who uses the handle @creativechronicles, blasted Dimon as 'out of touch' for the comments
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Dimon was quick on the podcast to talk about how America is still feeling the impacts of COVID, even four years later.
'The consumer has, you know, unemployment under 4 percent has been there for two years. They still have excess money from COVID,' Dimon told the podcast.
'If you go back to looking at the amount of money that was spent during COVID, it was $6 trillion. Through various means and various programs, they're still spending it down.'
He also insisted that, 'housing prices are up, stock prices are up and jobs are plentiful'.
Those comments drew a quick rebuke online, including from Anna.
'I'm sorry, what? The stimulus checks that went out in 2020 and 2021, three and four years ago, we're still spending it down? Who is he talking about, people are not doing well,' Anna, who uses the handle @creativechronicles, said in response.
'This country is literally unaffordable, childcare, groceries, you've got Kellogg's out here telling us to eat f****** cereal for dinner. Everything is up in price.
When grilled about why consumers are feeling so glum on the economy, Dimon claimed it came down to 'different consumers'.
'The bottom 20 percent of America have not done particularly well over the last 20 years. Incomes barely went up. They're actually starting to go up for the first time in almost 20
