Posts tagged Inflation
Inflation’s Impact on Food Insecurity in America

““Food insecurity is one of the factors accounted for when measuring basic needs. Basic needs include access to nutritious and sufficient food; safe, secure, and adequate housing; access to mental and physical healthcare; affordable technology and transportation; resources for personal hygiene; and childcare and related needs,” said Natalia Rivadeneyra, the assistant director of advocacy at Nazun, an organization focused on ending hunger and food insecurity on college campuses.“

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High Inflation, Public Expectations of Recession. Economic Uncertainty is Poised to Control the 2022 U.S. Political Atmosphere

“Make no mistake, inflation, the economy, and the recession question will remain in the news cycle for months to come. These topics greatly affect the American people so it will likewise dominate political discourse as Covid moves to the backburner. Expect the political blame game to go on before, during, and after the 2022 election season. Still, consider the greater effects of a recession. People lose jobs, homes, and sometimes even their lives. We can only hope the government can use its tools to effectively avoid that prospect.”

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In the Streets of Buenos Aires: Protests Against the IMF

“Thousands of Argentinians have taken to the streets of Buenos Aires to protest a new deal with the International Monetary Fund (IMF). The deal is meant to help Argentina repay roughly $45 billion in IMF loans by deferring debt payments dates in exchange for Argentina’s agreement to meet IMF-specified economic targets, specifically reducing their fiscal deficit and limiting spending.”

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Fret Not, Worldwide Inflation is Merely Transitory

“Global consumers have not witnessed such high levels of inflation since the baby boom after World War II. But these fears of runaway inflation are unfounded, especially considering the nature of the post-COVID economy. Heeding the Federal Reserve’s characterization of inflation as ‘transitory,’ global inflation will fall as the international economy rebounds through the post-COVID fallout.”

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30 Year High Inflation Could Nullify Relatively High Increases in Wage Earnings

“On November 10th the U.S. Bureau of Labor Statistics released a monthly report that showed some pretty grim indicators for the U.S. Economy. Inflation, or the general increase in prices, had climbed to its highest level in nearly 30 years. From Oct 2020 to Oct 2021, prices have risen nearly 6.2 percent. This is putting strain on American consumers as the economy is recovering from the COVID-19 shutdowns.”

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Future of Social Security Threatened as Cost of Living Rises

“Social Security is politically untouchable, and both Republicans and Democrats know that a reduction in benefits is practically a non-starter. Unfortunately, as it stands now, America is trending towards a massive fiscal gap: the money it plans to spend grossly outweighs the money it is projected to take in in revenue. This gap is equal to 10 years’ worth of U.S. GDP. In an article from The Hill, John Goodman states it plainly: ‘This is fiscal child abuse, pure and simple.’”

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