With inflation at its highest rate since 1982, CNBC’s Squawk Box asked me what rising costs mean for small businesses and working families.

Inflation is a tax on the people who can least afford it. Small business owners feel it in every invoice, and families feel it at the grocery store and the gas pump. That is exactly when financial literacy and a good credit score matter most.

Source: CNBC Squawk Box, January 2022.