Biden Adviser Sperling on Blame for Households Lacking Savings: Lots of People Didn't Have Savings Before Pandemic

On Wednesday's "CNN Newsroom," Senior Adviser to President Joe Biden Gene Sperling responded to a question on who is to blame for survey data showing that a majority of Native American, black, and Hispanic households say inflation has caused serious financial issues for them and most also say they can't cover a month of expenses with their savings by stating that before the pandemic, "two-thirds of Americans didn't have an extra $400." And President Biden has worked to make things better for working people.