According to data from the U.S. Bureau of Labor Statistics, inflation numbers hit 8.6% as of May 2022. This means that, over the span of 12 months from May 2021 to earlier this year, the price of everyday goods and things like energy and medical care increased at a rate that hasn’t been seen in the last 40 years.

You know this already, and you’re probably feeling it in every direction right about now. Where many of us are still recovering financially from the pandemic in one way or another, we’re also paying more than ever to fuel up our cars and fill our pantries with food and supplies. This also comes at a time when a bear market seems imminent, and when many retirement savers and investors have seen the value of their assets drop by 20%.

Crazy enough, some government officials think the answer to this inflation is throwing more money at it. In fact, several states are doling out some form of “inflation relief” to their residents, either in the form of an inflation stimulus check or a relief rebate on state taxes.

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forbes.com/sites/robertfarrington/2022/07/11/will-inflation-stimulus-checks-make-inflation-better-or-worse/?sh=41df28d044f3

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