Stephanie Ruhle sparked outrage about what she said in an interview with anchor Willie Geist on NBC. The MSNBC host said that the dirty little secret about soaring inflation was, on average, people having the money to pay more for goods.
She said, “The dirty little secret here, Willie, while nobody likes to pay more, on average, we have the money to do so. Household savings hit a record high over the pandemic, we didn’t really have anywhere to go out and spend.”
The Department of Labor reported a 6.2 percent increase in the consumer price index - the largest annual increase since 1990 – as the nation’s top economists point to the country’s supply – chain shortages and businesses struggling to meet the demand from the COVID shutdowns as the reason for the rise in prices.
She argued that retail prices and market values going up are proof that while the current inflation is challenging. She went on to say,
“Nobody knows when exactly they are going down, but you have to put this on perspective. This inflation is not an isolation, and the governor predicted- it is going to be a challenging recovery.
So it’s why you see things like, that expanded child tax credit. You have the families of over 60 million kids on average getting $430 a month. For people on fixed income, older people, on social security, they are getting those fixed incomes adjusted next year at 5.9 percent for inflation. And as we said a moment ago we are expecting retail sales this holiday season to break records, for those who own the values of their homes is expected to go up. And while the stock market isn’t the economy, you’ve got over half American households with some investments in the market.”
Many outraged users on Twitter debunked Ruhle’s claims that American families can afford the post-pandemic rise in prices for basic need items. One user tweeted, “ According to Ruhle, people should stop complaining about paying more for food because the prices of their homes has increased. So, should they sell their house or take out a loan on it to buy a food?” while another wrote, “MSNBC is apparently the voice of only folks who make six figures. Cuz if you are working class or even a lower end class family of four, energy and food costs shave shattered your budget this year.”
Net Worth Of Stephanie Ruhle
The net worth of Stephanie Ruhle is estimated to be around $4 million to $5 million. She has a salary of approximately $2 million per year as her main source of income is from her profession as an anchor and correspondent. An average journalist at MSNBC earns an annual salary between $72,956- $152,946.
Stephanie had worked in investment banking, Deutsche Bank for about 14 years before pursuing her dream to work in media. She said,
“I was always interested in working in the media, but I think people don’t pursue their dream when they have a day job. Early on, I almost left to go back to journalism school, but it was really about financial independence. A mentor of mine said, ‘do not go to Journalism school, you will end up a meteorologist in Tuscaloosa, which could be good, but stay here. Do this for 10 years and make money. Put some money away in the bank so you can take care of yourself, and then pursue your dream.”
Stephanie has now worked her way from news anchor and managing editor at Bloomberg TV to NBC News correspondent and now anchor of MSNBC Live.
She began her career at Credit Suisse and had an active role in women’s leadership development. She has founded the Corporate Investment Bank Women’s Network and co-chaired Women on Wall Street. She is also on the Leadership Council at Robin Hood, NYC’s largest poverty-fighting organization.
Her Instagram account has 183k followers with 1,729 following where her bio says Anchor Of Stephanie Ruhle Reports 9 AM M-F, NBC News Snr Business Correspondent #ModernRuhles podcaster mom, wife, lucky human.
Stephanie Ruhle Is Married To Andy Hubbard
Stephanie Ruhle is married to Andy Hubbard, a financial expert and co-CEO of a technology start-up called Haus Mart. The two first met while they were working in finance and dated for several years, and exchanged vows in 2002. They were even featured on a 2012 list titled ‘Wall Street’s Hottest Power Couples.’
They have three children together named Harrison, Reese, and Drew.
In March 2020, Stephanie Ruhle revealed that she and her family are recovering from coronavirus. Ruhle said that her husband was infected after getting a rapid test the day before Thanksgiving. However, she shared that her family was extremely lucky and didn’t get super sick.
Ruhle and her husband used to own an apartment in Tribeca, which they sold in 2015 for $5.2 million. They purchased a new house on 82nd Street, between Third Avenue and Lexington. The apartment has a four-bedroom, 3.5 bath abode is comprised of a living room, dining room, great room, and library. Their 3,420 square foot house has a finished basement that includes a media room and a gym.