The "New" Meaning of Inflation and How It's Impacting Your Finances

Understand the evolving definition of inflation, potential changes to medical debt reporting and their impact on your finances. Why does the consumer’s perception of inflation differ from the economist’s perspective? How does this shift in understanding impact our economy? Hosts Sean Pyles and Anna Helhoski talk about the gap between how regular people and economists talk about inflation and what this means for consumers. Chief Financial Correspondent at Axios and host of the Slate Money podcast, Felix Salmon, joins the show to discuss as well. Then, they explore the proposed Consumer Financial Protection Agency rule to keep medical debt off credit reports to help you understand how this could impact your credit score and financial well-being. You’ll walk away with a better understanding of the evolving definition of inflation, the potential changes to medical debt reporting, and how these shifts could influence your financial decisions. In their conversation, the Nerds discuss: inflation, medical debt, credit report, cfpb rule, consumer price index, economic impact, wage growth, financial news, inflation rate, credit score, debt reporting, financial advice, consumer perception, financial literacy, personal finance, economic trends, credit reporting agencies, election impact, financial podcast, smart money, debt management, economic discourse, financial wellbeing, inflation growth, finance tips, debt relief, money management, credit agencies, wage inflation, credit rules, debt collection, financial insights, money news, medical bills, credit impact, financial planning, debt impact To send the Nerds your money questions, call or text the Nerd hotline at 901-730-6373 or email podcast@nerdwallet.com . Like what you hear? Please leave us a review and tell a friend. Learn more about your ad choices. Visit megaphone.fm/adchoices