>> yeah. inflation is coming down. but there's this issue of the cumulative inflation over the last couple years. yes, wages have gone up faster than prices. but they haven't gone up that much faster than prices. wage growth has been a little bit disappointing when you look at real wages. a lot of it also is just a generalized discontent with something that is not about the economy. i don't know quite what it is. people do actually feel good about their own financial situations. they are also spending money. when it comes to voting with their wallet, they are voting their confidence in their economy. when they answer polls, they answer them differently. >> then you have non-wealthy americans who remain frustrated with the economy. i want to get your reaction to this cnbc headline. we are putting it up. the u.s. added 600,000 new millionaires last year. that's far outpacing the rest of the world, according to a new
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