Financial expert Suze Orman offered her analysis of the economy, which included a red flag for current personal savings.

Orman appeared on MSNBC’s Morning Joe Friday to share her concerns about what co-host Mika Brzezinski called the “financial pandemic.” Even though Orman acknowledged that unemployment is down and the stock markets are up, she says it’s clear people are struggling.

“I’m always concerned about those, Mika, that don’t have money,” Orman said. “‘Cause inflation, even though they say it’s kind of come down, people still don’t have the money they need to afford the things that they need. Not their wants, but just their needs. So the rents people are paying, the prices they’re paying for real estate, their homes, that concerns me.”

GDP “looks pretty good,” according to Orman, but she acknowledged she’s “not sure that means a lot” for individual consumers.

“On an individual level, I think people are not doing OK. I do not,” Orman said. “Over 50% of the people in the United States don’t have $400 for an emergency savings account, or if their car breaks down, so they have to go and put it on a credit card and pay the minimum payment due and then the cycle of debt begins.”

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Inflation rose by 0.4% to 3.2% for the year ending in February, according to a Bureau of Labor Statistics report that included the consumer price index. At its peak, inflation was at 9% in June 2022.

Shelter costs also rose by about 0.4% from last month, which was an annual increase of 5.7%. A Zillow report concluded that homebuyers need 80% more income today than they needed in 2020 to purchase a home.