Bonus Mailbag #39: Inflation & Layoffs

HerMoney with Jean Chatzky

Jean Chatzky Her Money

Investing, Business

4.7 • 1.5K Ratings

🗓️ 24 November 2022

⏱️ 30 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Few things can impact our budgets and our financial lives quite like layoffs and inflation. This week, we’re tackling all your questions on how to manage during lean times. We address how to “beat” inflation, what to do if you know your company is headed for layoffs, whether or not our household spending impacts inflation, and how best to assist an elderly parent on a fixed income. Email us your questions for Jean at mailbag@hermoney.com! Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	You're listening to an AirWave Media Podcast.
0:09.0	To the self-made and the self-sufficient,
0:11.0	our partner Edelman Financial Engines
0:13.0	can tailor investment solutions for the wealth you're building.
0:17.0	As a Hermoney listener, you'll get a complimentary financial plan
0:20.0	when you call 833-304-PLAN
0:24.0	or visit plan-efe.com slash Hermoney.
0:30.0	Hey everybody, I'm Jean Chatsky. Thanks for joining us today on Hermoney.
0:40.0	We are recording this episode.
0:43.0	The day new inflation numbers have just dropped.
0:47.0	Prices were up 7.7% over the last 12 months
0:51.0	and while that's still far higher than we'd like to see,
0:55.0	it's also down from 8.2% in September.
0:59.0	The stock market rallied on this news
1:02.0	because any inflation slowdown is an indication
1:06.0	that the Fed's rate hikes and there have been 6 so far this year
1:11.0	are finally working to fight inflation.
1:15.0	But while this news may be good,
1:17.0	it's also still true that rising costs
1:20.0	have our budget stretched thinner than ever.
1:25.0	Many of us have cut back on non-essential spending as much as we can
1:30.0	and we're still feeling the pinch,
	...

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