As Inflation Soars, Black Americans Bear The Brunt Of Rising Grocery, Gas And Housing Prices – The Seattle Medium

“I’m just worried about quality of life,” said Johnson, 33. “You already have nerves about being a new parent. And then you have the whole economic downturn possibly coming and it can create some anxiety.”

Like many Black families, Johnson and her husband are bearing the brunt of inflation — with prices rising to the highest rates the U.S. 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.

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