The ‘Black Tax’ Is Bulldozing Our Finances

You’re reading Gen:Blxck, a series exploring Black culture, history, family and identity through the generations.

If you’ve done so much as glimpse at a news broadcast recently, you’ll know that any attempts to avoid talk of the cost of living crisis and its crippling consequences are futile.

The risk of financial insecurity is looming over huge swathes of the nation, with around 46 million people reporting that their outgoings increased between March and June this year. The surging prices of fuel, food and energy mean people are spending less on non-essentials. At the same time, the value of the pound has plummeted. It’s no surprise then, that a recent survey from the Office for National Statistics (ONS) found 77% of adults are ‘very’ or ‘somewhat’ worried about money.

For Black professionals living and working in the UK, the bleak economic forecast is compounded by income disparities, the race wage gap and what has been dubbed the ‘Black tax’.

This phrase describes the responsibility often assigned to first and second generation Black immigrants, who choose to send money to relatives living ‘back home’. It also applies to those who support older family members generally – including those born, raised and living with their families in the West.

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