Inflation in the US in response to the COVID-19 Pandemic. The issue is the rise
of prices on products. The rise on products is occurring because of the COVID-
19 Pandemic that caused supply chain shortages. In the article, Food Prices
Spikes Temporary, Inflation Likely to Fall in 2022 by Glauber and Smith stated,
"Nevertheless, higher food prices have important consequences, especially for
low-income families that spend higher shares of their incomes on food." Inflation
is affecting Americans, however low-income families are affected the most.
Another article by Wiseman, D'Innocenzio, and Anderson said, " Many
Americans have been receiving pay increases, but inflation has more than wiped
out those gains for most people." Overall, these two articles focus on the struggle
that many Americans are facing due to inflation post COVID-19 Pandemic.
Inflation impacts the work of human service agencies because the demand for
resources is climbing as the actual amount of resources available remains low.
Human services agencies may struggle to get resources for those in need because
cuts have reduced the amount of resources companies are able and willing to
provide. Another reason inflation impacts human services is the cost of living
adjustments that are made have raised people's income causing them to be
ineligible for government assistance. However, they are not able to keep up with
the rising costs of goods and services. Lastly, inflation may have a negative and
positive affect on human services agencies. For example, positively people will
inquire and seek help from agencies, but negatively the demand for help may
become overwhelming for agencies. As the need for help rises, the resources and
funding may remain low.
REFERENCES
Glauber, J. W., & Smith, V. H. (2022). Food Price Spikes Temporary, Inflation
Likely to Fall in 2022. In AEI Paper & Studies (p. 1+). American Enterprise
Institute.
https://link.gale.com/apps/doc/A697851473/ITOF?u=nhc_main&sid=ebsco&xid
=2c26da9b
Wiseman, P., D'Innocenzio, A., & Anderson, M. (2022, April 13). U.S. inflation
surges 8.5%, its fastest pace in 41 years; Food, housing and fuel lead the spike,
propelled by supply chain woes and war in Ukraine. Globe & Mail [Toronto,
Canada], B1.
https://link.gale.com/apps/doc/A700290448/OVIC?u=nhc_main&sid=bookmark-
OVIC&xid=b74a8cf4
