The latest NJPL blog discusses the rising change in holiday-related costs this year, including groceries and presents. Many are relying more heavily on credit cards to make purchases.
Topic
inflation
Halloween Treats Win over Inflation
Nationwide, the price of candy was upabout 13% in September compared with a year earlier, according to figures from the federal Bureau of Labor Statistics. Datasembly, a research firm that tracks consumer prices, found one of the sharpest increases among...
Raising Rates is the Wrong Response to the Inflation Crisis
The last year of inflation has disproportionately hurt low-income and nonwhite families — those with the least flexibility in their monthly budgets to absorb higher prices. Now those same groups could be hurt by economic policymakers’ plan to tackle inflation through...
How Will the Economy Affect the Midterm Elections?
Prof. Michael L. Lahr, Director, Rutgers Economic Advisory Service (R/ECON™), was quoted on the upcoming elections. "While the economy is on everyone's radar and will undoubtedly be a reason folks vote for one candidate or another, no candidate (not even the...
Hughes Talks About Inflation and Recession with Rhonda Schaffler on NJ Business Beat
Dean Emeritus James W. Hughes focuses on the positive aspects of the NJ economy right now, but predicts we will be moving into a recession in 2023.
Prof. Michael L. Lahr Quoted in ABC’s Segment on Rising Food Prices
Prof. Michael L. Lahr was quoted in this video segment hosted by Jaclyn Lee via WPVI-TV in Philadelphia, PA. Following this week's Wall Street drop, and steady inflation numbers, Ms. Lee asked local residents how the rising food prices are impacting them. Professor...
Inflation Is Causing Real Pain. But Raising Interest Rates Will Make It Worse
Today American policymakers face a stark choice. Either, they can fight inflation by continuing to hike interest rates to generate unemployment and bring down aggregate demand. Or, they can employ a surgical approach that reins in the price increases that...
Consumers in ‘very sour mood’ as inflation outpaces wages
The prices of gas, home energy and food all spiked by double digits over the past month, but wages aren't keeping up, with annual inflation now topping 9%. "It’s leading to a very sour mood,” said James W. Hughes, dean emeritus at Rutgers University’s Edward J....
Political wrap-up: The 3 -tions: Inflation, Abortion, and the Election
Wrapping up with three hot topics in national politics, the important races of the 2022 midterm elections, and what inflation and abortion could mean for the election.
Gas prices rise to record highs again
Gas peaked at $1.39 a gallon back then, which would be $4.52 today. Action News spoke to Michael Lahr, an economics professor at Rutgers University. "What may happen, not real soon though, is that companies will use these raises in prices to invest in capital to get...
Upcoming Events
Loading view.
2025 Bloustein Alumni Awards Celebration
Zimmerli Art Museum at Rutgers University 71 Hamilton Street, New Brunswick, NJ, United StatesSince 1994, the Bloustein School Alumni Association has aimed to present awards to accomplished alumni each year. Our goal is to pay tribute to alumni and friends to recognize their […]
RAISE 2025 – Our Future With AI: Utopian or Dystopian?
Gov. James J. Florio Special Events Forum, CSB 33 Livingston Avenue, New Brunswick, NJ, United StatesInformatics - Data Science - AI Competition Step into the future of innovation! RAISE-25 will challenge you to unravel the scope of AI's impact on our lives and human society. […]
Can We Talk? Addressing Equity and the Impact of Social Determinants on Maternal Health
Bloustein School, Civic Square Building 33 Livingston Avenue, New Brunswick, NJ, United StatesPresented by the Bloustein School and Rutgers School of Nursing