WaPo personal finance columnist has advice for young adults on how to combat inflation

Doug P. | 2:31 PM on May 14, 2022

Yesterday President Biden (or whoever tweets from his account) had this to say to people concerned about inflation:

You want to bring down inflation?

Let’s make sure the wealthiest corporations pay their fair share.

— Joe Biden (@JoeBiden) May 13, 2022

Here’s a take from the Washington Post’s personal finance columnist that might make more sense than Biden’s economically illiterate tweet, but it’s hardly a permanent solution:

pic.twitter.com/JLsZXmma4p

— Kaiser (@chillywillers) May 14, 2022

Glenn Greenwald had this to say:

Washington Post: Just go back and live with your parents.https://t.co/klwhL7z9WA pic.twitter.com/AEEZWxz20x

— Glenn Greenwald (@ggreenwald) May 14, 2022

To be clear: I don't think there should be any stigma for people who want to live with their parents. It can foster happiness and fortify family bonds. But it should be a *choice*: economic deprivation shouldn't deny that choice and *force* people to move back with their parents.

— Glenn Greenwald (@ggreenwald) May 14, 2022

The message increasingly being delivered from elite circles is *not* that the government should stop doing what is causing economic deprivation and denial of choice.

Instead, they're telling people who don't have their privileges that they should accept it and be happy about it.

— Glenn Greenwald (@ggreenwald) May 14, 2022

For those who know their eighties movies, this is pretty much Thornton Melon’s advice to students in his graduation speech in “Back to School”:

Rents are rising at the fastest rates in decades, and house prices are surging, too. It’s time to embrace the economic truth that independent living at an early age may get in the way of achieving real financial security.

Understandably, not everyone can live at home. They’ve moved away for a job, or the home situation is too toxic or overcrowded. But space and sanity willing, consider the savings young adults could amass if they continued to live in the family home.

With inflation at a 40-year-high, it just makes economic sense for adult children to live at home for several years.

Overall, prices rose 8.3 percent in April compared with a year ago, according to the latest consumer price index summary from the Bureau of Labor Statistics.