The Bagel logo
  • Ryan Wittler

Inflation Is Hitting Black, Latino, and Native American Households the Hardest


Getty


A new survey by NPR, the Robert Wood Johnson Foundation, and the Harvard T.H. Chan School of Public Health shows Black, Native American, and Latino households are substantially more likely than white Americans to report having serious financial problems stemming from inflation.

  • The survey was conducted from May 16 to June 13, in the midst of U.S. inflation reaching a 40-year high.


Survey highlights:


The survey found Black Americans were significantly more likely than white adults to report current serious financial problems (55% vs. 38%), and not having enough emergency savings to cover a month of expenses (58% to 36%).

  • Black adults were also more likely than white adults to report having serious problems affording food (32% vs. 21%), and a larger share of Black renters also say they’ve been threatened with eviction in the past year than white renters (16% vs. 9%).


Latino Americans were also significantly more likely than white adults to report current serious financial problems (48% to 38%), as well as not having enough emergency savings (53% vs. 36%) and having serious problems affording food (30% vs. 21%).

  • Native Americans were also substantially more likely than white adults to report serious financial problems (63% vs. 38%), not having emergency savings (58% vs. 36%), and having serious problems affording food (39% vs. 21%).


Why it matters:


The researchers say the findings show millions of minority households are struggling financially amid record inflation, including many who are being threatened with eviction and are unable to afford basic needs, like food and medical care.

Bagel HQ, Los Angeles, CA

Contact: business@readthebagel.com