Let’s Talk New Mexico 7/28 8am: Inflation has been the top economic news story recently with monthly reports showing prices up more than 9% year-over-year. Wages were going up last year too, but now the economy’s future is feeling less stable. Company profits are expected to drop and some corporations have announced layoffs. As the Federal Reserve tries to curb inflation by raising interest rates to prepandemic levels, people feel a pinch when trying to get a loan for a home or a car. The flip-side, though, is that banks are beginning to pay a little more interest on savings accounts than they have been in recent years.
Do you worry about the threat of a recession in the near future? Are you trying to prepare by saving cash or paying down debts? Do you wonder if our governments will be able to keep up with services that we’ve come to depend on to get through the pandemic?
Share your ideas about the economy and what you’re doing to prepare for the future by emailing LetsTalk@kunm.org, tweeting #letstalkNM or calling in live during the show at (505) 277-5866.
Guests:
- Bradley Fluetsch, New Mexico Finance Authority
- Kelly O'Donnell, Principal Economist, O'Donnell Economics and Strategy, Director of Homewisdom
- Amber Wallin, Executive Director, New Mexico Voices for Children
Related Reading:
- No retreat in the summer heat. Inflation blistering at 9.1% in June, NPR
- The stock market is practically begging for a recession, CNN
- How New Mexico is spending to climb out of the COVID recession, KRWG
- The Advance Child Tax Credit: 2022 And Beyond- Forbes
- Here’s how to know if we’re in a recession, and it’s not what you think - CNBC
- Here are 6 strategies to recession-proof your finances at any age - CNBC
- What To Do Now To Prepare For The Next Recession - New. York Times
- When a Woman’s Retirement Account Becomes the Family Emergency Fund- New York Times
- Recession-Proof Your Life: What to Do to Protect Your Money Now - Newsweek
This episode is part of our Your New Mexico Government project, a collaboration between KUNM radio and New Mexico PBS. Support for public media provided by the Thornburg Foundation.
