As the economy makes huge strides towards a full recovery, it’s crucial to maintain improvements by putting pressure on corporations to lower prices for consumers. Even as more Americans gain access to well-paying jobs, corporations have used the pandemic and inflation as an excuse to nickel and dime struggling families. Just a quick review of this year’s sky-high corporate profits makes it clear that industry price-gouging and hidden junk fees are based on greed, not need.”
Liz Zelnick, Accountable.US’ Director Of Economic Security And Corporate Power.
Last month, a national survey commissioned by government watchdog Accountable.US found that many Americans believe excessive corporate price hikes are a major driver of inflation and higher costs. 60% of those polled also agreed that “cracking down on price gouging” and banning hidden junk fees would be effective at lowering costs.