Illinois Considers Inflation Relief - How Much Will it Help?

Jacob Greene
Published Feb 24, 2025


Inflation relief is something that the state of Illinois is considering, but how much can it really help? Inflation is at an all-time high and the price of goods and services is skyrocketing. In fact, last month, the consumer price index reached a 40-year high. This increase is largely due to supply-chain disruptions. Inflation relief is not going to solve this problem, but it can help alleviate the pain of cash-strapped residents.Indexing capital gains to inflation would increase the size of the economy in the long run by 0.11 percent, or $22 billion in 2018. It would lower the service cost of capital and increase incentives to invest in the United States. It would also increase the capital stock by 0.26 percent and lead to a 0.08 percent increase in wages. But if it were implemented, it would require congressional approval, but if it's enacted, it would help the economy in the long run.

Related Articles

How Economic Policies and Inflation Are Reshaping the Housing Market...

Mortgage rates remain high, with the 30-year fixed rate at around 7%, up from 6.08% in September. The Federal Reserve’s decision to keep its benchmark rate steady—due to persistent inflatio...

Holiday Spending Stays Strong Despite Inflation...

Holiday shoppers are proving resilient this year, with consumer spending projected to rise by 3.3%, according to economist Lauren Saidel-Baker. Despite inflation concerns, retailers have extended sales periods, with promot...

Inflation in Focus: How Americans Can Navigate Financial Uncertainty...

Inflation remains a topic of concern for Americans, as recent insights from the Federal Reserve highlight potential vulnerabilities to future cost increases. Read: Government Income Programs to He...

How Trump’s Presidency Could Impact Grocery Prices in 2025...

With Donald Trump’s recent election win, many Americans are curious about potential changes to grocery prices, which have been rising steadily. Food costs have increased by 22% over the past four years a...

Inflation Is Easing: Here's How You Can Save More Money and Maximize Government Benefits...

Inflation in the U.S. has been a major concern for the past few years, affecting everything from grocery bills to gas prices. But the good news? According to experts, inflation has ...

Where Prices Are Dropping: Groceries, Used Cars, and More as Inflation Slows...

Good news for your wallet – inflation is finally showing signs of easing up, and some everyday items are starting to get cheaper. While rising prices have been a strain for many household...

Stay ahead of the curve

Equip yourself with the knowledge to tackle inflation head-on, and access exclusive resources designed to help you thrive despite economic challenges.
Get Started