Welcome to Radical Personal Finance, a show dedicated to providing you with the knowledge,

skills, insight, and encouragement you need to live a rich and meaningful life now, while

building a plan for financial freedom in 10 years or less.

My name is Joshua Sheets, and today we wrap up our three-part series on financial lessons

from recent crises.

Part one was financial lessons from Ukraine.

Part two was financial lessons from Russia.

Today, part three financial lessons from the current crisis in the United States.

That word crisis is a bit too strong for me, I wouldn't generally use it, because I

don't think we're living in a crisis, but there are certainly many yellow and red warning

lights on all sides.

You have a few examples here for you to consider.

Number one, of course, you have significantly elevated levels of inflation based upon what

we've been accustomed to over previous years.

Right now, the most recent median CPI figures that are available show that the median CPI,

median inflation rate is approaching 5%.

That's significantly higher inflation rate than we are accustomed to dealing with in the

United States.

And you see the practical effect of that on all sides, and you see concerns about the future,

of where that could go in the future.

In addition, related to the inflation, you see very practical impact in people's pocket

books with very high fuel prices, which are causing a restructuring of people's budgets.

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