Economic stagflation is a complex term that refers to a difficult period in an economy. During this time, the economy doesn’t grow very fast. There’s a lot of unemployment and prices keep going up. This can make it hard for both individuals and businesses to get by. Understanding what stagflation is and how it affects us is important so that we can find ways to manage it during this slow progress. Here are strategies to help navigate through stagflation. Focus on Essential Spending During stagflation, it’s important to prioritize spending on essential items such as food, housing, and healthcare. Avoid unnecessary expenses and luxuries to ensure that your money is used wisely. This may require making sacrifices, but it will help you stretch your budget and minimize financial strain. Evaluate your spending habits and cut back on non-essential items to weather through the tough economic conditions. Increase Savings...