Plus, enhancing regional and social inclusion, and how Beyoncé and Taylor Swift could help Kamala Harris.
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Brookings Brief

July 30, 2024

Shoppers in a Whole Foods Market in New York on Tuesday, April 30, 2024
The cost of being poor is rising in America—and it’s worse for poor families of color

 

Rising prices for necessities such as food, housing, clothing, and transportation have systematically eroded the purchasing power of all families in recent decades. The effects of rising prices have been even more pronounced for poorer families, and especially families of color.

 

Jeffrey C. Fuhrer assesses changes in incomes and inflation, and briefly discusses the merits of policies under debate in this presidential election season.

Read more
 

A closer look at the data

Price of necessities chart
 

More research and commentary

 

Enhancing regional and social inclusion. Underrepresented people and places seem to be missing out on two federal programs that seek to boost technological innovation among small U.S. businesses. Yang You and Mark Muro share actions to expand the reach of these programs.

 

How Beyoncé and Taylor Swift could help Harris. Celebrity endorsements typically don’t move election needles very much, but in a contest this close, every little thing could make a difference, says Darrell M. West.  

 

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