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Inflation Slamming Black America Hard as Families Struggle with Necessities

NNPA NEWSWIRE — “Black families, especially those without an employed college graduate, are affected the most by inflation compared with all the other demographics,” said Ellie Walters, the CEO of Findpeoplefaster.com. “Necessities like groceries, accommodation, gas, electricity bills, and phone bills eat up most of their income, leaving them with fewer savings since most of them fall within the low-income groups,” Walters stated.

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By Stacy M. Brown, NNPA Newswire Senior National Correspondent
@StacyBrownMedia

Black households are more exposed to inflation fluctuations than their white peers, according to a study published by the Federal Reserve Bank of Minneapolis.

The differences, while not overwhelming, are not trivial either, the study authors wrote.

For example, if prices paid by white households increase by 7 percent over a year, calculations by researchers suggest that one may expect them to increase by 7.5 percent for Black families.

“In our research, we examine how this informs the trade-off between inflation and unemployment stabilization for White and Black households,” the study authors explained.

“The result implies that when evaluating trade-offs between inflation and unemployment, one ought to keep in mind that the costs of inflation may be borne disproportionately by the more disadvantaged group.”

With gas, food, and other prices rising, the authors concluded that necessities such as groceries, electricity, and wireless phone service make up a larger share of Black families’ budgets.

The study said that Black households are also spending a more significant portion of their income on goods and services with prices that change more often.

The result, according to researchers, isn’t a mystery: “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.”

“Black families, especially those without an employed college graduate, are affected the most by inflation compared with all the other demographics,” said Ellie Walters, the CEO of Findpeoplefaster.com.

“Necessities like groceries, accommodation, gas, electricity bills, and phone bills eat up most of their income, leaving them with fewer savings since most of them fall within the low-income groups,” Walters stated.

She said Black families are affected by even the slightest increase in price, and with the rising recession, many might have to live without most of these necessities.

“A large number of Black families live paycheck to paycheck and cannot easily escape the constantly increasing wealth gap between them and the other demographics, especially the white,” Walters remarked.

“Inflation often makes this dilemma worse, since during inflation, wages are cut, and workers are laid off. These low-income earners, largely made up of Black community members, are trapped by an economic cycle that seems rigged against them.”

Ronda Brunson, an expert in financial planning and credit restoration at Project Restore Bmore, agreed that Black households would continue to feel the impact of rising inflation.

“Most Black homes with car notes are paying double-digit interest rates, same for credit cards. Yet, we are not conditioned to go for better but to be grateful for whatever approval without contesting,” Brunson asserted.

“If I am already paying three times more than you for the same vehicle, then of course, when inflation occurs, I’m going to feel it first.”

According to the Brookings Institute, the median wealth of a white household is $188,200, which is 7.8 times more than the average Black household at $24,100.

Two years ago, the homeownership rate for white Americans was about 73% compared to 42% for Black Americans.

William Thomas of Butler Associates said money problems remain a concern for all, although Black and Brown communities feel the pain more acutely.

Thomas offered what he said were four simple things people can do to navigate tough inflationary times.

“Make a budget, reduce any unnecessary expenses for the time being, which means assessing needs versus wants,” Thomas asserted.

“[Also], identify a Community Development Financial Institution in your area and seek financial advice from a professional. This action may support better financial choices while navigating through uncertain financial times. Finally, stick to the plan created.”

Thomas advised that when it comes to reducing expenses, evaluate every item you purchase and ask, “Is this a need or want to have item?”

He said sacrificing is essential to achieving success. This may mean brand switching for groceries and planning to switch on your phones.

“The ultimate budgeting goal is to save the savings from your plan so you can stock your bank account with a healthy cushion for important occasions like birthdays, holidays, starting a business, or a rainy-day fund,” Thomas continued.

“The best approach is to work with a trusted financial advisor, especially loan officers at your local community bank. Your local lender understands how important it is to access capital.

“Leverage their expertise to help craft a strong plan using accessible, affordable financial products to assist the effort to save while building credit and deflating the impact of inflation.”

#NNPA BlackPress

Tiguan’s AI Touchscreen & Gear Shift: VW Just Changed the Game! #2

Explore the Tiguan’s cutting-edge 12.9-inch infotainment touchscreen featuring wireless Apple CarPlay, Android Auto, voice control, and a new AI assistant. See how VW innovatively moved the gear shifter to the steering column, enhancing the center console and navigation system! #AutoNetwork #Tiguan #Infotainment #AppleCarPlay #AndroidAuto #AISystem #NavigationSystem #CarTech #TechReview #CarInnovation #Automotive

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https://youtube.com/watch?v=0xUKM6U2Lpc&autoplay=0&cc_lang_pref=en&cc_load_policy=0&color=0&controls=1&fs=1&h1=en&loop=0&rel=0

Explore the Tiguan’s cutting-edge 12.9-inch infotainment touchscreen featuring wireless Apple CarPlay, Android Auto, voice control, and a new AI assistant. See how VW innovatively moved the gear shifter to the steering column, enhancing the center console and navigation system! #AutoNetwork #Tiguan #Infotainment #AppleCarPlay #AndroidAuto #AISystem #NavigationSystem #CarTech #TechReview #CarInnovation #Automotive

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IN MEMORIAM: Legendary Funk Pioneer Sly Stone Dies at 82

Sly Stone’s musical approach radically reshaped popular music. He transcended genre boundaries and empowered a new generation of artists. The band’s socially conscious message and infectious rhythms sparked a wave of influence, reaching artists as diverse as Miles Davis, George Clinton, Prince, Dr. Dre, and the Roots.

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Sly and the Family Stone play the Opera House in Bournemouth. Mojo review. Photo by Simon Fernandez.
Sly and the Family Stone play the Opera House in Bournemouth. Mojo review. Photo by Simon Fernandez.

By Stacy M. Brown
BlackPressUSA.com Newswire

Sylvester “Sly” Stewart—known to the world as Sly Stone, frontman of the groundbreaking band Sly and the Family Stone—has died at the age of 82.

His family confirmed that he passed away peacefully at his Los Angeles home surrounded by loved ones, after battling chronic obstructive pulmonary disease (COPD) and other health complications.

Born March 15, 1943, in Denton, Texas, Stone moved with his family to Vallejo, California, as a child. He began recording gospel music at age 8 with his siblings in a group called the Stewart Four. By his teenage years, he had mastered multiple instruments and was already pioneering racial integration in music—an ethos that would define his career.

In 1966, Sly and his brother Freddie merged their bands to form Sly and the Family Stone, complete with a revolutionary interracial, mixed-gender lineup.

The band quickly became a commercial and cultural force with hits such as “Dance to the Music,” “Everyday People,” and “Thank You (Falettinme Be Mice Elf Agin)”—all penned by Stone himself.

Their album “Stand!” (1969) and live performances—most notably at Woodstock—cemented their reputation, blending soul, funk, rock, gospel, and psychedelia to reflect the optimism and turmoil of their era.

Sly Stone’s musical approach radically reshaped popular music. He transcended genre boundaries and empowered a new generation of artists. The band’s socially conscious message and infectious rhythms sparked a wave of influence, reaching artists as diverse as Miles Davis, George Clinton, Prince, Dr. Dre, and the Roots.

As the 1970s progressed, Stone confronted personal demons. His desire to use music as a response to war, racism, and societal change culminated in the intense album “There’s a Riot Goin’ On” (1971). But drug dependency began to undermine both his health and professional life, leading to erratic behavior and band decline through the early 1980s.

Withdrawn from the public eye for much of the 1990s and early 2000s, Stone staged occasional comebacks. He was inducted into the Rock & Roll Hall of Fame in 1993, received a Lifetime Achievement Award from the Grammys in 2017, and captured public attention following the 2023 release of his memoir “Thank You (Falettinme Be Mice Elf Agin)”—published under Questlove’s imprint. He also completed a biographical screenplay and was featured in Questlove’s documentary “Sly Lives!” earlier this year.

His influence endured across generations. Critics and historians repeatedly credit him with perfecting funk and creating a “progressive soul,” shaping a path for racial integration both onstage and in the broader culture.

“Rest in beats Sly Stone,” legendary Public Enemy frontman Chuck D posted on social media with an illustrative drawing of the artist. “We should thank Questlove of the Roots for keeping his fire blazing in this century.”

Emmy-winning entertainment publicist Danny Deraney also paid homage. “Rest easy Sly Stone,” Deraney posted. “You changed music (and me) forever. The time he won over Ed Sullivan’s audience in 1968. Simply magical. Freelance music publicist and Sirius XM host Eric Alper also offered a tribute.

“The funk pioneer who made the world dance, think, and get higher,” Alper wrote of Sly Stone. “His music changed everything—and it still does.”

Sly Stone is survived by three children.

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PRESS ROOM: Clyburn on 10th Anniversary of Mother Emanuel AME Church Shooting in Charleston

BLACKPRESSUSA NEWSWIRE — Congressman James E. Clyburn (SC-06) released the following video on X, paying tribute to the 10th anniversary of the shooting that took place at Mother Emanuel AME Church in Charleston, South Carolina on June 17, 2015.

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By Congressman James E. Clyburn

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CHARLESTON, SOUTH CAROLINA – Congressman James E. Clyburn (SC-06) released the following video on X, paying tribute to the 10th anniversary of the shooting that took place at Mother Emanuel AME Church in Charleston, South Carolina on June 17, 2015.

“Over 6 years ago, the House first passed my Enhanced Background Checks Act to close the Charleston Loophole that allowed a white supremacist to obtain the gun he used to murder nine worshipers at Emanuel AME Church on June 17, 2015.

“I’ll never stop fighting to pass this law.”

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