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The Pentagon said Iran War costs $29 billion, but the real cost is closer to $200 billion—and counting

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After forcing workers back to the office, Goldman Sachs and JPMorgan Chase are now letting their staff work remotely—but only for the World Cup

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Now worth $200 million, Sarah Jessica Parker credits being ‘one of eight kids that struggled financially’ for her hunger, ambition, and work ethic
MPWCardi B

Cardi B donates $100,000 to her Bronx middle school after voicing outrage over inflation and the housing market

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Alice Hearing
Alice Hearing
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By
Alice Hearing
Alice Hearing
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September 14, 2022, 7:12 AM ET
Cardi B arrives to The 2022 Met Gala
Cardi B made a surprise visit to her former middle school.Gilbert Carrasquillo—GC Images
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Cardi B has donated $100,000 to her old middle school in the Bronx as part of a series of visits organized by New York’s Community Capacity Development group, just days after voicing outrage over how rising inflation was making it increasingly difficult for working-class Americans to find and keep housing. 

On Friday, the rapper surprised students at I.S. 232 in the Bronx’s Morris Heights neighborhood and explained how proud she was of the area in which she grew up. 

“Cardi B’s commitment of $100K for the arts will help the school’s kids soar to their highest heights,” New York City Schools chancellor David Banks said after her visit. 

HAPPENING NOW: Cardi B announces she’s donating $100K to I.S. 232 in the Bronx, where she used to be a student. @NBCNewYork #nbc4ny pic.twitter.com/2w597RKWhz

— Kay Angrum (@kayangrum) September 13, 2022

The Community Capacity Development organization shared its appreciation for the rapper on Twitter, along with a video of Cardi B speaking about growing up in the neighborhood and giving advice to young people.

“This is what we mean when we say ‘representation.’ @iamcardib spoke about growing up in a low-income neighborhood and viewing her education as a way out,” the group’s tweet read.

This is what we mean when we say “representation”. @iamcardib spoke about growing up in a low income neighborhood and viewing her education as a way out. We appreciate her raw authenticity and look forward to sharing more with you all about her visit! #Cardi pic.twitter.com/lC4kjsxS4P

— Community Capacity Development (@ccdworldwide) September 13, 2022

“We appreciate her raw authenticity and look forward to sharing more with you all about her visit! #Cardi.”

Cardi B shares her concerns over housing prices

The 29-year-old rapper made her concern for American livelihoods clear in an Instagram Live she posted only days before the school visit, in which she shared anecdotes about seeing her loved ones and others struggle to survive amid the cost-of-living crisis. 

“I was helping my cousin get an apartment, and now I’m helping someone else get one,” Cardi said. “I was looking at some areas and the way prices soared up—living is unbearable.

“How are people surviving? I want to know, like my family and my friends are so grateful to have me…But what about people that don’t have a me?”

No seriously…I want to know how people are surviving… https://t.co/sodp7YdJTY

— Cardi B (@iamcardib) September 10, 2022

The rapper’s observations reflect reality: U.S. rental inflation accelerated in August as shelter costs rose 0.7%, marking the biggest monthly increase since 1991 and helping to keep overall inflation elevated.

“There’s no…inventory when it comes to homes,” she added, noting that even if you can afford a higher price, “it doesn’t matter if the interest rate is f–king high.”

The effects of sky-high inflation have been seen across the U.S. economy. Food costs increased 11.4% from a year ago according to the latest reports, the most since 1979. Electricity prices rose 15.8% from 2021, the most since 1981. Gasoline prices, meanwhile, fell 10.6% in August, the biggest monthly drop in more than two years.

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