Why Americans Feel The Toll Of High Inflation Beyond Gas Pumps & Grocery Stores
Consider This from NPR
NPR
4.2 • 6.2K Ratings
🗓️ 26 May 2022
⏱️ 9 minutes
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Summary
NPR's Scott Horsley covers the big-picture economy, Chris Arnold covers housing and Brittany Cronin covers energy. They explain what sectors are feeling the most impact and how it's playing out for different people.
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Transcript
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| 0:00.0 | This is a fragile moment for the US economy. |
| 0:04.0 | Stretched in by the rising costs of, well, everything. |
| 0:08.0 | Now, maybe you haven't been tracking every headline on inflation, |
| 0:12.0 | but chances are you've felt it in your everyday life. |
| 0:15.0 | The price of milk, eggs, meat, fish, and fruit are all up at least 10%. |
| 0:20.0 | Food banks nationwide are free. |
| 0:22.0 | We used to just feed homeless people. |
| 0:23.0 | That's Shannon Carr. She runs a nonprofit that helps needy families in Cincinnati. |
| 0:28.0 | We're taking meals to families now with children, the working poor. |
| 0:32.0 | Because people are happy to choose between healthy food and, you know, things that they can afford. |
| 0:38.0 | The cost of gas is way up, too. |
| 0:42.0 | Kim Boater was filling a pot tank in Harlem when NPR could up with her. |
| 0:46.0 | It's disgusting. Like, people have to really decide on whether to buy food or to buy gas, |
| 0:51.0 | to get to work, to get to the food. |
| 0:54.0 | It's really ridiculous. |
| 0:56.0 | Another worry. Federal Reserve raising interest rates to... |
| 0:59.0 | The Federal Reserve's efforts to combat inflation could tip the economy into recession. |
| 1:05.0 | Utah Realtor Kenny Parcell says rising interest rates are already taking a toll on the housing market. |
| 1:11.0 | This is real life stuff. This is young families, people that were barely getting in before |
| 1:16.0 | and the dream of home ownership and they're watching it go away. |
| 1:20.0 | Consider this. |
| 1:22.0 | Americans are feeling the squeeze as inflation has led to higher prices on so many things |
... |
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