The Current Impact of Inflation on the Economy

Retirement Talk Podcast with Laura Stover

English - May 14, 2021 10:00 - 28 minutes - 39.2 MB - ★★★★ - 38 ratings
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In the past, inflation has impacted the economy on many occasions, but more specifically, after a major crisis. As we begin to see our world opening back up after the global pandemic of 2020, we’re already seeing impacts of inflation on everyday items and raw materials.

In this episode, we’re discussing the things you should worry about, the things you shouldn’t, and how this could impact your income in retirement. Listen in as we share historical data from the 1970’s and 2008, where our country came back from a crisis.

Review the article mentioned in today’s show >>

Show Notes

Intro (:00 – :35)

Planning for Vacation (:36)

This Week’s Article: Inflation worries are back. Here’s what you should worry about — and what you shouldn’t. (1:40)

Impact of Economic Crisis on Inflation (2:25)

Pre-Crisis vs Now Inflations in Raw Materials (5:23)

Consumer Price Index (6:24)

Spending Habits Post COVID Crisis (7:27)

Inflationary Worries Post COVID Crisis (9:23)

Inflation Averaging (10:19)

History of Inflation and Price Increases (11:57)