In a turbulent economy, here's how to weather the inflation storm

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July 6th, 2022

The Federal Reserve is raising interest rates to combat inflation. It's having a trickle-down effect, resulting in higher mortgage rates, an increase in credit card interest and more. There are steps you can take to improve your financial situation as prices continue to climb. (Mark Lennihan/AP)

Mark Lennihan / Mark Lennihan

Groceries, gasoline, rent and outstanding debts, inflation and painful price hikes have many Americans concerned about their financial present and future. And with fears that a recession could be lurking in the not-too-distant future, it’s important that people get their affairs in order.

NPR reached out to financial experts on how to better navigate these turbulent times. Here’s the advice they gave from their respective fields.

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