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A Simple Guide to the Inflation Reduction Act

Here’s what you need to know about the Inflation Reduction Act, plus how to budget your money while inflation is still high.

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A Simple Guide to the Inflation Reduction Act
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14 stories in this Storyboard

    What is Inflation?

    You’ve likely felt the effects of inflation at the grocery store and gas pump. Inflation has been surging throughout 2022, but there are signs it could be slowing.

    What Is Inflation, and Why Is It Surging?

    What Is Inflation, and Why Is It Surging?

    U.S. inflation continues to accelerate rapidly, keeping the topic in the news and on the minds of consumers: In April 2022, inflation increased 8.3%…

    What the Inflation Reduction Act Means for You

    The Inflation Reduction Act is wide-ranging legislation that focuses on taxing corporations that pay little now, bolstering clean energy products, lowering Medicare drug costs, and extending health care subsidies — among other provisions. The idea is that cutting the deficit while also reducing energy and medical costs for families will move the needle on inflation.

    How to Cope with Inflation

    Inflation won’t disappear overnight. Here’s how to save, spend and manage your money during inflationary times.

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