How Inflation Impacts Consumer's Life and Money
Oct 11, 2023
How does inflation impact your money? What sectors are affected the most? How to protect your savings during inflation? Pr. James J. Angel from Georgetown University gives answers to questions about inflation and talks about the price increase, labor shortage, product quality, and effects on consumers.
00:00 - Introduction
00:21 - About Professor James J. Angel
00:31 - About the top issues in the US economy now
02:19 - About inflation rate
02:35 - Sectors that have been affected by inflation
03:28 - How inflation impacts consumers' money
05:10 - Effect of inflation on product quality
06:16 - About inventory and supply chain shortage
08:01 - About price increase
09:29 - About labor shortages
12:06 - When the inflation slows down
12:35 - Is it a worldwide problem with inflation
13:30 - Tips on how to protect your saving during the inflation
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