Understanding Inflation’s Grip on Native Communities

The term ‘inflation’ has become all too familiar in today’s economic landscape. That invisible force subtly erodes the purchasing power of our hard-earned dollars. While its effects are felt universally, specific communities, particularly our Native communities, bear a disproportionate brunt. 

Inflation, the rise in the prices of goods and services over time, affects everyone. Here’s a breakdown of how inflation impacts our wallets and what’s on the dinner table.

Dissecting the Disparity

Inflation doesn’t discriminate, but its impacts can vary widely. A recent study by Harvard unveiled the stark disparities in how Black Americans experience inflation. Similarly, an alarming NPR poll indicated that nearly 69% of Native Americans are grappling with the severe repercussions of rising prices. Such statistics underscore the urgency of addressing these disparities.

According to census data, close to 27% of Native Americans live in poverty. That’s significantly more than the rest of the country, which averages close to 15%.

Remote Work – We Lost an Online Seat

As we shifted into an era of inflation, new ways to participate in the economy was offered. However, some Native peoples were left behind. The global shift towards remote work promised opportunities and flexibility. However, not all have reaped their benefits equally. A comprehensive report by Brookings highlighted that Tribal communities risk being sidelined in this digital revolution, potentially exacerbating existing economic inequalities.

Food Prices – Our Costs Are Higher

The escalating cost of essentials, especially food, is a concern that resonates deeply within our communities. An insightful article from the Navajo Times explains the challenges Native Americans face, often having to pay more and travel greater distances for basic sustenance. Beyond the financial strain, this presents emotional and logistical challenges that demand attention.

“Native American shoppers pay $7.51 more for the “very same basket of food items.” 

High prices for food – Navajo Times

The Elusive Dream of Homeownership

For many, homeownership symbolizes stability and prosperity. Yet, for a significant portion of Tribal Citizens, this dream remains elusive. A detailed analysis by NCRC reveals systemic barriers in mortgage lending, emphasizing the need for more inclusive financial systems.

Average long-term US mortgage rate surged to nearly 7% to the highest level since November 2022 | AP News

To counteract inflation, the Federal Reserve has initiated a series of interest rate hikes, as detailed by AP News. While such measures aim to stabilize the economy, their ramifications on vulnerable communities warrant close scrutiny.

A Call to Collective Action

Understanding these challenges is the first step. The next is action. Native American voices must be at the forefront of discussions and policymaking. By engaging with local, tribal, and national representatives, we can advocate for solutions that recognize and address Indigenous communities’ unique challenges.

Asterisk – *Something Else – Nation: The term “asterisk nation” has been used to describe how Native Americans are often left out of data collection and reports. Instead of being represented, they are often relegated to an “other” category or not included at all, making them invisible in many discussions.

For those keen on visually exploring this topic, we recommend this enlightening video that offers a comprehensive overview.

Together, informed and united, we can chart a path toward a more equitable future for all.