According to the Bureau of Labor Statistics, inflation rose at its fastest pace in nearly a generation.
Inflation shock has had a widespread impact on the country, but it’s disproportionately affected Black and Brown Americans.
For example, Black and Latino families spent 7% of their post-tax income on energy, compared to 5% spent by other racial groups, according to Bank of America researchers.
Vice President Kamala Harris and the Treasury Secretary Janet Yellen announced the release of $8.7 billion in lending to boost minority-owned small businesses.
Certified financial planner Kenneth Chavis IV joins guest host Laverne McGee on “Prime” to discuss.
All this and more on “Prime.”
To watch BNC programming, visit https://bnc.tv/how-to-watch/
Follow BNC on social media:
Facebook: https://www.facebook.com/BNCNews
Twitter: https://twitter.com/BNCNews
Instagram: https://www.instagram.com/bncnews/?hl=en
#Inflation #BlackOwnedBusinesses #LaverneMcGee
Be the first to comment