Black America is suffering inflation disproportionately

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A recent report from the Federal Reserve Bank of New York confirms what far too many of us already know. Bidenomics is breaking the economic back of Black America.

The June report found that Black and Hispanic Americans are seeing higher rates of inflation than the national average. Adjusted for spending levels, the inflation rate for Black Americans was 0.2 percentage point higher than the national average. For Hispanic Americans, it was roughly 0.6 percentage point higher than the national average.

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We have less money on average than other groups, and we spend more of the money we do have on things that are affected the most by inflation. Take transportation, for example. Gas prices and the cost of used cars have soared since President Joe Biden’s economic nightmare began, and the report found that Black Americans spend more of their income on transportation than white Americans do.

Democrats claim to care about minorities
But the June report is just the most recent set of data showing that under the Democrats’ latest reign, those they often loudly claim to care most about suffer more than anyone else.

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We can’t keep going down this road. The Democratic Party’s reckless, economy-killing policies are driving up the prices of consumer goods and products across the board, while simultaneously preventing economic growth that could create more jobs for Black Americans. And make no mistake: This ever-worsening economy is the fault of the Biden administration, which seems to have gone out of its way to make inflation worse by stifling U.S. energy production and implementing policies that exacerbated, and indeed might be responsible, for the supply chain crisis.

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