Minority communities have been the hardest hit financially by the current spike in consumer prices and housing costs, with high percentages of Black, Latino and Native American families reporting serious financial problems and even threats of eviction, according to a survey published Monday by the Harvard T. H. Chan School of Public Health, NPR and the Robert Wood Johnson Foundation.

With the annual increase in consumer prices hitting a 40-year high of 9.1% in June, Americans, by a wide margin, cite inflation as the number one problem facing the U.S. But the actual impact on individual households is more dispersed. For example, in the new survey, 58% of Black adults, 56% of Latinos and 69% of Native Americans say inflation has caused them serious financial problems, compared to 44% of white and 36% of Asian adults

To continue reading the rest of the article, please click on the source link below:

https://www.forbes.com/sites/gabrielalopezgomes/2022/08/08/new-survey-finds-inflation-and-housing-costs-hitting-minorities-hardest-with-many-facing-eviction-threats/?sh=7ae62de1679b

Comments

comments