Inflation Keeps Getting Worse. Is A Recession Next?
Consider This from NPR
NPR
4.2 • 6.2K Ratings
🗓️ 12 April 2022
⏱️ 13 minutes
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Summary
This increase impacts everyone across the economic spectrum, but inflation poses a particular hardship for low-income families. And while the Biden administration has announced new steps to bring down gas prices and other visible signs of inflation, there's mounting political pressure to do more during this midterm election year.
NPR Congressional Correspondent Kelsey Snell and Chief Economics Correspondent Scott Horsley break down the stakes for those hit hardest by inflation and for the government.
Scott Horsley also speaks to economists who explain why they believe the U.S. might be in another recession soon.
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Transcript
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| 0:00.0 | Ginger Bryce used to spend about $800 a month on groceries for herself and her two kids. |
| 0:06.1 | But more recently, that's going to cut into her moving expenses. |
| 0:11.6 | She lives with her 9 and 12 year old in Austin, Texas. |
| 0:15.2 | And this is the family's third move in two years. |
| 0:18.6 | Because the rent where she lives now is about to go up this summer. |
| 0:21.3 | They were going to raise my rent here by 20%. |
| 0:26.1 | Her new place will be smaller than she'll only be saving $100 on rent each month. |
| 0:30.8 | I'm not going to save that much in rent. |
| 0:33.3 | Ginger also went through treatment for stage 4 breast cancer last year and wasn't able |
| 0:37.8 | to work for a while. |
| 0:39.4 | On the one hand, the diagnosis taught her to worry less about what she can't control. |
| 0:43.5 | I just manage what's in front of me. |
| 0:46.8 | So for me, it's like, I'm not really worried that much about the future. |
| 0:51.7 | And she's even able to laugh about her hardships. |
| 0:53.8 | I'm not sick every single day, right? |
| 0:57.5 | But for me, I'm excited that I'm going to maybe get to live 10 more years. |
| 1:03.0 | That's a pretty fun thing. |
| 1:04.6 | Right? |
| 1:05.6 | On the other hand, despite having found part-time work for now, she's still worried about |
| 1:09.5 | making ends meet. |
| 1:10.8 | You know, we just roll with the punches and the words of David Lee Roth. |
| 1:16.0 | Got to roll with the punches to get to what's real. |
... |
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