Dave Ramsey on the disconnect between the economy and reality

Dave Ramsey, CEO of Ramsey Solutions, joins TheStreet to explain why there’s such a big disconnect between the economy and reality.

Transcript

00:00So listen, there's a new buzzword making the rounds, flex session.

00:04You kind of talked about this a little bit earlier in the conversation.

00:08You talk to a lot of people out there.

00:10What do you make of the disconnect right now between how people are feeling,

00:14how they are actually spending, and the actual tone or tenor of the economy,

00:22the U.S. economy right now?

00:24Yeah, it's weird. I agree with you.

00:28I mean, when you sit and complain, as we said earlier, that your life is awful,

00:34but there's Amazon packages on your doorstep every night,

00:40what? I mean, come on, what are you doing?

00:43So you can't have it both ways.

00:47These people are actually psychologically anxiety-ridden

00:52by the horrible economy, and they're boxed in.

00:55They're victims of this horrible economy, in air quotes,

00:58and yet they spend like they're in a prosperous economy,

01:02and on superfluous stuff. It's not necessities.

01:06So I mean, I could go through people's budget, and it would make you cry,

01:10some of the stupid butt stuff people are doing with money,

01:13while they're complaining that they're in a horrible economy.

01:18Listen, if you're in the middle of a storm, you're batting down the hatches.

01:22You don't keep jumping in puddles.

01:24You know, you get inside, you close everything up,

01:27and you huddle down until the storm passes.

01:30But no, this bunch isn't doing that.

01:32They're out playing in the lightning, and then complaining about getting struck.

01:37So that disconnect is very real. We find that everywhere right now.