The rising costs of housing, food and other necessities are big drivers of inflation, and they fall especially hard on lower-income Americans, posing a growing challenge for President Biden and the nation's top economic policymakers.
A report from the Labor Department Wednesday shows consumer prices in April were 8.3% higher than a year earlier. That's a modest decrease from the March inflation rate of 8.5%,
"Typically food and gasoline and housing are a bigger share of total spending for lower-income households than for higher-income households," says Dan Sichel, an economist at Wellesley College.
Much attention has been rightfully devoted to bigoted comments former Vice President Joe Biden made during his interview with “The Breakfast Club” when he had the audacity to say "Well I tell you what, If you have a problem figuring out whether you're for me or Trump, then you ain't black."
Just an " Ain't Black" thought.