Navigating Inflation: How Catholic Charities Helps Those in Need
During periods of inflation, every dollar buys less than it did before, eroding purchasing power, affecting savings, and impacting overall financial well-being. “Financial literacy is always an important tool for our clients. However, in hard economic times when inflation is high, the importance of financial literacy cannot be overstated,” states Donoghue. “It is one of the reasons why Catholic Charities offers two financial literacy programs, one in Danbury and one in Norwalk. We have seen how crucial financial literacy is for the long-term success of our clients.”
