What You Need to Know About Inflation in 2021

What You Need to Know About Inflation in 2021

There’s a lot going on with inflation in 2021. Talk about the subject is everywhere but what’ does it all mean and how does it impact your wallet—now and the long-term. To get the 411 on what’s going on with inflation in the U.S., I’m bringing in an expert on inflation, Bob Frick. Robert Frick is Navy Federal’s corporate economist, the world’s largest credit union serving the military and their families. He provides expertise in economics as it relates to home, auto, and consumer lending, credit cards, and financial planning. Bob is an expert in personal finance, having worked as an editor at Kiplinger’s Personal Finance magazine for 15 years, and also is an expert in behavioral economics, or the study of people’s behaviors surrounding money. Bob and I get into a great discussion of what’s going on with inflation and what it means for all of us and our wallets. Support for the Military Money Show is provided by Navy Federal Credit Union. When you become a member of Navy Fed, life gets better. They’ve created a fully-loaded car buying experience where you can finance, buy, and protect your auto purchase in one convenient place. Plus they offer exclusive member savings with CARFAX, GEICO, and SiriusXM. To learn more visit NavyFederal.org/carbuying.

Inflation in 2021 Episode Details

  • The basics of inflation you should know
  • What bottleneck inflation is—with examples
  • The story behind what’s going on with the car industry
  • Update on current employment situation and impact
  • Role COVID impacts play on the current economy
  • The items that you could be spending more on
  • The other forces at play in the economy besides inflation
  • Possible impacts on future spending
  • Smart money behaviors
  • Looking at opportunities to improve your career
  • Lacey’s safety tips for ride shares
Further reading: How to Make Money of a DITY Move

Inflation in 2021 Resources

More from Robert Frick: Being on Your Best Financial Behavior

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If you want to “kickstart” your finances in the military, you can get access to my free Financial Kickstart Kit here. There's a lot going on with inflation in 2021. Here's a corporate economist's take on what's going on with inflation and how it impacts you.