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What Does 'Stagflation' Mean for You?

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On Thursday, President Bush addressed concerns about the country's sluggish economy. As higher oil prices, foreclosures and the weakened dollar make headlines, the word "stagflation" has started floating around. What does it all mean for your finances?

Economists answer questions about how to alter your short-, middle- and long-range financial plans and the different ways to protect your assets.

Guests:

Dean Baker, economist and co-director of the Center for Economic and Policy Research

Michelle Singletary, financial correspondent, for The Washington Post; personal finance contributor, on NPR's Day to Day

Copyright 2023 NPR. To see more, visit https://www.npr.org.