Published 2 years ago

'Inflation has hit everything': How Michiganians are coping with rising prices

Summary by Ground News

The median wealth of a White household is $188,200, which is 7.8 times more than the average Black household at $24,100. Black households are also spending a larger portion of their income on goods and services with prices that change more often. Some economists fear that if lawmakers don't act soon to combat inflation, Black families may be forced to go without necessities.

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The Detroit News

'Inflation has hit everything': How Michiganians are coping with rising prices

Michiganians' desire to travel is colliding with the highest inflation in four decades.

2 years ago·Detroit, United States

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Clayton News

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

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

2 years ago·Clayton, United States

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The Michigan Chronicle

Black Americans Bearing The Brunt Of Rising Grocery, Gas & Housing Prices

Photo: Getty ImagesWith prices rising to the highest rates the US has seen in more than 40 years, 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,” CNN reports.According to data, Black households are more susceptible to inflation changes than White households due to the nation’s wealth gap, which has made it…

2 years ago·Pittsburgh, United States

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'Inflation has hit everything': How Michiganians are coping with rising prices

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'Inflation has hit everything': How Michiganians are coping with rising prices

'Inflation has hit everything': How Michiganians are coping with rising prices

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

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

Black Americans Bearing The Brunt Of Rising Grocery, Gas & Housing Prices

Black Americans Bearing The Brunt Of Rising Grocery, Gas & Housing Prices

Coverage Details

Bias Distribution

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