Inflation and Rising Gas Prices Disproportionately Harms Low Income Families

Inflation and rising gasoline prices are preferentially harming low-income families, according to the Urban Institute.

The blog post from the Urban Institute notes the rising costs disproportionately harm “people of color” because of their lower household income.

It also documents wages are falling behind the rising costs of rent and gasoline. For example, rents went up by about 15 percent and gasoline costs increased to nearly 40 percent from February 2021 and February 2022.

Biden’s energy and economic policies are harming blacks and other minorities the most because they are suffering from a loss of purchasing power as more of their income goes to rent and gasoline.

That means Biden’s policies are racist in that it harms minority groups including blacks the most.