Vermont needs additional housing of all types. An important piece of the puzzle is the creation of homeownership opportunities for the missing middle—buyers who don't qualify for income-restricted housing programs but can't afford market-rate homes. Philanthropy can help preserve Vermont's high homeownership rate with strategies that target middle income buyers.
It's visible at the gas pump and the grocery checkout. In December 2021, the Consumer Price Index (CPI) jumped 7 percent, the largest 12-month increase since 1982. Moreover, inflation tends to hurt people at the bottom of the income ladder more than those at the top.
"There's an argument out there that in fact the rich and the poor face different inflation rates," notes one professor of economics. Donors and fundholders who want to lift vulnerable Vermonters up so they are better able to withstand the current bout of inflation—and others to come—can take action with targeted giving. Our new brief shares three recommendations.
IN THIS BRIEF, DISCOVER:
- What factors are contributing to the current inflation we are experiencing
- Three giving suggestions for donors and fundholders who want to help during this time of inflated consumer prices
- Additional resources to explore for deeper learning