According to recent data from the U.S. Bureau of Labor Statistics, inflation in Utah has increased 10.4% since May 2021. This number is even higher than the current national average. It means a typical family of four is spending $700-$800 more per month on the same items they purchased a year ago.
To help navigate the challenges of inflation, USU Extension created a website with information and resources at inflation.usu.edu. It includes tips from USU finance experts and faculty, and new information will be added as it becomes available.
Website topics include budgeting for emergencies, combating panic-buying during inflation, teaching children about money management, positive conversations about money, and other topics. Also included are links to PowerPay, a free debt reduction tool; the Money Master online course; an Estate Planning Toolkit; Hidden Gems, free family fun guides for economical ways to play together as a family; and the Cutting Expenses Guidebook. There are also links to frequently asked finance questions and free inflation webinars.
USU Extension will also provide free in-person finance classes at the Weber County library in September. More details about these events can be found on their website, inflation.usu.edu.