The New Normal: What effect will the Consumer Price Index have on your wallet?

News 12's Elizabeth Hashagen was joined by CPA and economic development consultant Marty Cantor this morning to talk about the effects COVID-19 is having on our economy and to answer your questions.
The Consumer Price Index is expected to show a 6.7% increase year-over-year, which would be the largest move since 1982. What effect will this have on your wallet?

Ninety percent of freight is brought into New York City by truck. The trucking industry says there is a shortage of 80,000 drivers nationwide. What should be done to alleviate the supply chain issue?
 
New York state plans to distribute $539 million from the Homeowners Assistance Fund to help pay for the expense of owning a home. The deadline for applying is Jan. 15. The student loan moratorium ends on Jan. 31. Borrowers need to be prepared to start making payments again. What are the details you need to be aware of?