Interest rates, price increases stand to have outsized effect on Black consumers, businesses

Black Americans — who already make less money, have a harder time securing loans for their businesses and have less financial security — stand to be hurt more than other demographic groups in this uncertain economy.

Black Americans “typically experience higher levels of economic insecurity than Americans overall,” according to the today!

The post Interest rates, price increases stand to have outsized effect on Black consumers, businesses appeared first on TheGrio.