![Inflation Sucks – Everything Is About To Get More Expensive](https://townsquare.media/site/85/files/2022/05/attachment-GettyImages-1370944405.jpg?w=980&q=75)
Inflation Sucks – Everything Is About To Get More Expensive
Inflation is at a 40-year high with record-high prices on pretty much everything and lawmakers are scrambling to help, but it might be too late.
![100.7 WITL logo](https://townsquare.media/wp-content/uploads/2019/05/WITLFM.png?w=100)
Inflation slightly eased in April but is still hovering around near 40-year highs with an 8.3% year-over-year increase. Even if inflation does start to cool, many economists say it is likely to persist through the year and presents a challenge for policymakers and consumers.
Source:NBC25.com
It's bad enough we have to deal with crazy gas prices with prices tickling a crazy $5 a gallon this leaves me with one question. Is this the end of the middle class? The average income in Flint is roughly $20,000 a year, minus taxes it's more like $15k, and that is way below the poverty level. Now with crazy inflation rates, the struggle is about to get real. You would think that pumping a bunch of money into the system with covid relief packages would help, but it's actually the opposite.
Economists are warning that putting extra cash in the pockets of consumers could actually have the opposite effect and lead to longer periods of sustained inflation.
“The problem is when you give people more money, it’s going to fuel inflation even more,” said Veronique de Rugy, a senior research fellow at George Mason University’s Mercatus Center. “It’s a terrible idea, basically is doing the inverse — reverse of what should be done.”
Source: NBC25.com
LOOK: Things from the year you were born that don't exist anymore
More From 100.7 WITL
![Inflation is Rising the Most in One Michigan City](http://townsquare.media/site/694/files/2023/06/attachment-Untitled-design-2023-06-14T184428.366.jpg?w=980&q=75)
![This Michigan City Has the 2nd-Highest Inflation Rate in the US](http://townsquare.media/site/694/files/2023/04/attachment-Untitled-design-35.jpg?w=980&q=75)
![“Please See Cashier” At The Pump? Go Inside or To Another Station?](http://townsquare.media/site/692/files/2022/01/attachment-20220124_170710.jpg?w=980&q=75)
![Why Does Bacon Cost So Much In Michigan Or Is It Everywhere?](http://townsquare.media/site/692/files/2021/11/attachment-20211102_17165111.jpg?w=980&q=75)
![Why Michigan Gas Prices Have Spiked](http://townsquare.media/site/694/files/2021/05/sippakorn-yamkasikorn-0aJOTBQfEFE-unsplash.jpg?w=980&q=75)
![High Gas Prices In Michigan May Be Staying a While](http://townsquare.media/site/694/files/2021/03/RS39228_GettyImages-93471831-scr.jpg?w=980&q=75)
![Gas Prices Are On The Rise in Michigan](http://townsquare.media/site/694/files/2020/05/RS24652_GettyImages-125930657-scr.jpg?w=980&q=75)
![Lowest Gas Prices in Over a Decade in Michigan](http://townsquare.media/site/694/files/2018/03/PUMPING-GAS.jpg?w=980&q=75)
![Gas Prices Continue to Drop in Michigan](http://townsquare.media/site/694/files/2018/03/PUMPING-GAS.jpg?w=980&q=75)