We’re living through a financial crisis, with the prices of everyday items – from food to household electricity – skyrocketing. No one is safe from the impact of these rising costs, but there are groups across the country being hit disproportionately, such as low-income households and people from ethnic minority backgrounds.
New research from the Runnymede Trust is a stark reminder of these inequalities and the urgent need to address them. The study uncovered that Black and minority ethnic people are two and a half times more likely to be in poverty than white people, with efforts to tackle Black and minority ethnic poverty stalling since the last financial crisis in 2008.
Put simply, we’re not seeing enough progress – and as we move deeper into today’s cost-of-living crisis these groups are finding themselves at particular risk.
