22: What is Inflation

Finance With Kids

Welcome to another episode of the Finance with Kids podcast! In this episode, hosts Steve and Ava Coughran delve into one of the most important economic concepts: inflation. Steve and Ava explain what inflation is and why it's essential to understand it. They provide real-world examples of how inflation affects everyday items like groceries, gas, and toys. They also discuss how inflation impacts savings and investments, and provide practical tips for kids to protect their money from inflation. Throughout the episode, Steve and Ava use engaging and relatable examples to break down complex economic terms such as "purchasing power" and "inflation rate." They make learning about money fun and accessible for young audiences. Inflation is a critical concept in personal finance, and Steve and Ava aim to teach kids about it in a way that is easy to understand. By the end of the episode, listeners will have a solid understanding of what inflation is, how it works, and why it's important. Tune in to this episode of the Finance with Kids podcast to learn more about inflation and how it impacts our daily lives.
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