This is why inflation hits Black families particularly hard
Black Americans have grappled with more volatile inflation when compared to white households over the past several years, according to new research published Monday by the Federal Reserve Bank of Richmond.
However, Black households experienced far greater price volatility than white households during that time, Lee’s research shows — meaning it was harder for them to figure out how much their money could buy over time. Related: What 8.6% inflation looks like for the average grocery shopper — bacon is over $7 a pound, cookies are up 49 cents
And because of the spike in gas prices, Lee said, it’s more expensive to shop around for cheaper goods. That might be particularly salient for people living in food deserts — areas that lack healthy, affordable food options — which are more prevalent in neighborhoods of color, forcing residents to travel farther for necessities.
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Mexico captures infamous drug lord as 14 killed in Black Hawk helicopter crashA notorious drug lord on the FBI's 10 most wanted list was detained on Friday in an operation that ended in tragedy when 14 Marines who assisted in his capture were killed in a helicopter crash, Mexican Navy officials said.
Leer más »
Kodak Black Arrested in Fla. on Drug Charges the Week Before Rolling LoudSouth Florida native and famous rapper Kodak Black was arrested again on Friday, this time in Fort Lauderdale, according to the Florida Highway Patrol. Black, 25, was traveling south on Northwest 31st Ave, in the area of West Cypress Creek Road, in a purple Dodge Durango with window tints that appeared darker than the legal limit, according to FHP troopers. A…
Leer más »
Mexico detains drug lord wanted by US as 14 killed in Black Hawk helicopter crashA notorious drug lord on the FBI's 10 most wanted list was detained on Friday in an operation that ended in tragedy when 14 Marines who assisted in his capture were killed in a helicopter crash, Mexican Navy officials said
Leer más »
Black Stories Are Multifaceted — This Is How P-Valley's Gail Bean Strives To Examine That OnscreenWe talked to Gail Bean, star of P-Valley,' about the state of Black modern television, what it's like to work with a female-dominated cast, and what makes her feel empowered in her personal life.
Leer más »
I Tried The Black Platform Boots That Are All Over TikTokNaked Wolfe's bestselling Spice boots are a celebrity and TikTok favorite. Here's an honest review on wearing the platform pair.
Leer más »
Rapper Kodak Black arrested during traffic stop in Florida; 31 oxycodone tablets found, police sayRapper Kodak Black was arrested during a traffic stop in Florida, authorities said.
Leer más »