Americans Are Trying To Cope With Rising Inflation

The video discusses the highest inflation in 40 years, its impact on personal finances, and small businesses. The Federal Reserve's interest rate hikes aim to control inflation but increase debt costs. Personal stories highlight financial stress, while small businesses struggle with rising costs. The end of federal aid may lead to more bankruptcies. Recent inflation trends show a slight slowdown, with an upcoming Labor Department report.

What action is the Federal Reserve expected to take to control inflation?

• Introduce new taxes

• Raise interest rates

• Decrease interest rates

• Provide more federal aid

How does the 'buy now, pay later' scheme affect the cost of a $250 purchase?

• It becomes $400

• It becomes $375

• It becomes $300

• It remains $250

What financial tool did Renee Macklin's family rely on due to rising costs?

• Savings

• Loans

• Credit cards

• Investments

What is a major challenge for small businesses like Hot Pie pizza?

• Lack of skilled workers

• Rising operational costs

• Decreasing customer base

• Increased competition

What might happen to businesses now that federal aid has ended?

• They will expand

• They will see increased profits

• They may face bankruptcy

• They will hire more employees