This article was added by the user . TheWorldNews is not responsible for the content of the platform.

Black Americans bear the brunt of rising food, gas and home prices as inflation soars

(CNN)Crysta Johnson costs gas, food and housing while preparing for childbirth. Thinking about the rise makes me uneasy. She became a daughter she was due to give birth in August.

Instead of eating out at her restaurant, she said she's trying to save money by cooking more at her home and packing her husband's lunch. rice field. A couple in Metro Atlanta postponed the purchase of ahome last year after seeing asurge in home prices. Elementary school teacher Johnson is also concerned that she can afford to raise children, which is expensive nationwide.

"I'm just worried about quality of life," said Johnson, 33. ..

Like many black families, Johnson and her husband are on the cusp of inflation-price has risen to the highest rate the United States has seen in over 40 years. .. Researchers say black families will be the worst affected by rising inflation as they lag behind white families in terms of income, wealth, financial savings and home ownership.

Due to inequality, many African Americans do not have the funds to help offset the rise in consumer prices, putting great pressure on monthly income, economists say. Some economists fear that black families may be forced to go without essentials, as another threat of recession is imminent if lawmakers do not act immediately to combat inflation. increase.

"It will be very devastating," said William Darity Jr., a professor of public policy, African-American studies and economics at Duke University. .. "People have to make very difficult decisions about whether to buy medicine, buy food, or abandon utility bills. It has a harsh impact on people's well-being.

Due to national wealth disparities, black families can maintain economic savings and transfer wealth across generations to allow many white families. He said it was getting difficult. He said racist policies such as the redlining of the land promised to them and the deprivation of former slaves have historically put black Americans behind.

According to the Brookings Institute,the median wealth of white households is $ 188,200, 7.8 times the average black household's $ 24,100. In 2019, thehome ownership ratefor white Americans was about 73%, compared to 42% for black Americans.
Darity is asking lawmakers to implement afederal employment guarantee. This provides integrity wages and safe working conditions for all adults seeking employment. This will help the black family float, Darity said.
President Joe Biden argues that tackling inflationremains his number one priority, but he has hampered most of Biden's domestic agenda. Faced with a difficult battle with the narrowly divided Senate.

"The problem is that Congressional Republicans are doing everything they can to stop my plan to lower the cost of ordinary families. That's the end of my plan. That's why it's not, and the result isn't over, "Biden said. Early this month.

Disproportionate impact on black families

Some studies suggest that black households are more susceptible to changes in inflation than white households. I am.

According to asurvey released by the Federal Reserve Bank of Minneapolis, essentials such as groceries, electricity and radiotelephone services make up the majority of the black family's budget. Studies show that black households spend most of their income on goods and services, and prices fluctuate more often.

Munsobu Lee, an economist at the University of California, San Diego, who co-authored this study, said that many African Americans also live in food deserts and pay high prices for food at convenience stores. Said that. Inflation only raises the price of those convenience store products, Lee said. It also forces black shoppers to have to travel their father for groceries. This means that they are affected by higher gas prices.

"If the price paid by white households rises by 7% in a year, we expect it to rise by 7.5% in black households," the study states as an example.

Atlanta's mother, Johnson, said inflation would be equal to a wage cut if Americans didn't raise their salary at work.

"I think about money, I think about finances. I think our salary will start to match (inflation rate)," Johnson said.

'It costs more for the poor'

Some nonprofits have seen families serve food to the table as inflation continues. We are intervening to help.

Atlanta-based HoseaHelpsCEO Elizabeth Omirami says the number of families offering food boxes every week has increased by 40% since April.

Omirami said she was also overwhelmed by her demands from those who needed to help pay rent. She said many families are suffering from inflation because someone in the family lost their job during the pandemic or was an elderly bond. Other families say food stamps aren't enough to cover the soaring food prices, Omirami said.

"It's very sad to see people who have put taxes on the country's economy and worked hard now can't benefit from it," Omirami said. "When you see a black familyearning 15% lessthan the average white family, everything is higher than a supermarket in the food desert near these convenience stores. Because I live, I know I'm shopping. Poor people cost more. "

A suburban Atlanta mom said she had to make significant adjustments to where she bought groceries and what her family ate.

Crystal Smith, a four-person single mother, says she spends more time comparing prices in different stores to see how she can save money. I did. For the last week she decided to cook chicken in sea boil for her family. Because it was a more affordable meal.

Gas'spriceis also hitting her budget, said Smith, who works as a talent acquisition manager. She takes 30 minutes to commute and $ 75 to fill her tank. Prior to inflation, Smith said she was paying only about $ 28 for her full tank.

"This is one of the things I'm wondering about how I can save money," Smith said. "We are in a really difficult time and we have to start making difficult decisions, especially in the African-American community."