I think the big thing to stress is, this isn't a time to freak out and completely change your behavior. The basic rules still apply, and it's likely to be a temporary period of inflation, especially the one we are in currently with the fed raising rates to slow down inflation. A historical approach too is important, especially for younger people who have never seen anything like this and think the sky is falling. You see it here with first time homebuyers who can afford a house but are not buying because they think rates are "too high".