Families Fear Financial Failure As Inflation Rises To Record Highs

Statewide Iowa — With inflation at its highest rate since 1981, financial counselors in Iowa are hearing from more families who are worried about their household budgets.

Emily Bezdicek, a HUD-certified financial and housing counselor with Catholic Charities, says to compare how much your family is spending now compared to last year.

She suggests the best way to combat inflation is a complete understanding of the family budget and how it compares to spending. Bezdicek says it can be difficult for some people to step up and admit they need help making ends meet.

Food prices are up more than 10-percent from last year, used vehicle prices are up over 15-percent, and energy costs are up 30-percent.

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