Runaway inflation leads to people 'voting with their wallets': Larry Glazer
Fox News
Americans are more and more likely to "vote with their wallets" as President Biden oversees both inflation and shrinkflation, which essentially eliminates any benefit to the average wage hikes Americans had most recently seen, Mayflower Advisors co-founder Larry Glazer said Monday on "Your World."
Glazer told "Your World" that inflation will indeed play a big role in the midterm elections, as individual Americans begin thinking more about the broader economy when it begins to affect them personally:
"There's no question as we look towards midterm elections, people do vote with their wallets and when they see negative wage growth because prices have grown at such an enormous level, it affects how they think about the economy," he said.
"It affects how they think about their local representation. It affects how they think about Washington. But at the end of the day, it's small businesses that always find the solution - a little bit less Washington and a little bit more of the small businessmen."
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