As inflation soars, Black Americans bear the brunt of rising grocery, gas and housing prices

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Researchers say Black families will suffer the worst effects of rising inflation because they lag behind their White counterparts in income, wealth, financial savings and home ownership.

Darity is urging lawmakers to implement a

“The problem is Republicans in Congress are doing everything they can to stop my plans to bring down costs on ordinary families. That’s why my plan is not finished and why the results aren’t finished either,” Biden said earlier this month.Some research suggests that Black households are more susceptible to inflation changes than White households.

“If prices paid by White households increase by 7% over a year, our calculations suggest that one may expect them to increase by 7.5% for Black households,” the study notes as an example. “I think a lot about money and I think a lot about finances and I wonder are our salaries going to start to match ,” Johnson said.Some non-profit organizations are stepping in to help families put food on the table as inflation continues., said she has seen a 40% increase in the number of families she serves food boxes to weekly since April.

 

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thanks joe biden. black americans need to vote for the great ol party GOP

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