In the News

On any given day, Groundwork's analyses, op-eds, reports, and commentary are featured in leading publications and on the most influential news programs and podcasts.

Press Release

Groundwork’s Lindsay Owens Praises FTC Suit to Block Kroger-Albertsons Merger

“Grocery store mergers are the absolute last thing Americans facing high prices at the check-out line want to see" states Groundwork's Lindsay Owens. "The FTC is absolutely right to block it, preventing these grocery giants from joining forces to raise costs, shrink competition, and squeeze workers and consumers even further.”

February 26, 2024 Groundwork Collaborative
Press Release

New CFPB Report Finds Record Credit Card Interest Rate Margins Cost Customers an Extra $25 Billion in 2023

“Inflation has been great for credit card companies, as Visa’s CEO loves to remind investors. But never one to leave well enough alone, they are blowing right past the prime rate, despite a less risky borrower pool, bringing in all-time high margins.”

February 22, 2024 Groundwork Collaborative

Franklin County Free Press: Casey, Colleagues Introduce Legislation to Combat Corporate Price Gouging

Dr. Rakeen Mabud, Chief Economist and Managing Director of Policy and Research at Groundwork Collaborative, highlighted the importance of addressing corporate power dynamics that enable price gouging. The legislation, she contended, is a vital safeguard against excessive corporate profit chasing.

February 16, 2024
Press Release

New CFPB Research Sheds Light on Big Banks’ Credit Card Greedflation Practices

Big banks are charging higher interest rates on credit cards than small banks, potentially costing customers hundreds of dollars a year

February 16, 2024 Groundwork Collaborative

Common Dreams: ‘Greedflation’ Among New Words Added to

Another, "greedflation," was informed by growing evidence that has shown in recent years how rising prices are not always the result of supply chain woes or other market pressures, but can be "caused by corporate executives or boards of directors, property owners, etc., solely to increase profits that are already healthy or excessive." The dictionary's addition of the word, said economic justice think tank Groundwork Collaborative, solidifies "its place in how we understand" recent inflation.

February 15, 2024 Common Dreams

Truthout: 84 Percent of Voters Say Corporate Greed Is Causing Inflation, Poll Finds

This belief is supported by evidence and expert testimony from recent years. A report from the Groundwork Collaborative found last month that, just in Q2 and Q3 of 2023, corporate profits accounted for 53 percent of all inflation, compared with 11 percent in the four decades prior to the pandemic.

February 15, 2024 Truthout
Press Release

ICYMI: “Greedflation” Added to

This week, added 1,700 new or updated definitions that included “mid,” “girl dinner,” and an important new word: “Greedflation.” The addition comes as new polling from Navigator Research shows that four in five people identify corporations raising prices as a cause of inflation, with three in five people deeming it a “major” cause.

February 15, 2024 Groundwork Collaborative
Press Release

Dr. Rakeen Mabud Reacts to January CPI Report

Today’s Consumer Price Index report showed that headline inflation dropped to 3.1%, while shelter inflation accounted for more than two-thirds of inflation. “The only responsible path forward is for Chair Powell to cut interest rates now.” Groundwork’s Chief Economist Dr. Rakeen Mabud states.

February 13, 2024 Groundwork Collaborative

Newsweek: How the Weather is Causing Beef Prices to Go Up

The falling cattle inventory could push beef prices amid forecasts that demand may fall in 2024, and it may be thanks to the weather. For American consumers, more than 7 percent of grocery expenses go to beef, according to a February report from the think tank Groundwork Collaborative.

February 12, 2024 Newsweek

Barron’s: The Fed Is Right to Be Patient on Rate Cuts

High interest rates tighten financial conditions and exacerbate the housing market’s affordability crisis. They also stifle clean-energy investments and stress household balance sheets, says Rakeen Mabud, chief economist at the Groundwork Collaborative, a progressive economic advocacy group. “It’s pretty clear to me that the Fed needs to cut rates immediately,” Mabud says, and she isn’t alone.

February 12, 2024 Barron's
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