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GREEDFLATION WEBPAGE (2)

Over the past few years, families across the Nation are finding their dollars don’t go as far as they used to. Even as inflation has slowed, families are still paying higher prices, thanks to corporate greed, or greedflation. Under the guise of inflation, corporations are raising prices on American families and raking in record profits to boot. From July 2020 through July 2022, inflation rose by 14 percent while corporate profits rose by more than 74 percent—nearly five times the rate of inflation. 

Senator Casey believes more must be done to hold corporations accountable for taking advantage of American workers and their families. He’s released three reports so far exposing corporate greedflation and how it’s hurting American families, as well as outlining his vision on how to push back and lower costs for working families. 

Greedflation: How Corporations are Making Record Profits on the Backs of American Families

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Stuffing Their Pockets: How Big Food and Agriculture Businesses are Making Your Holiday Meals More Expensive

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Shrinkflation: How Corporations are Shrinking Products to Super-Size Profits

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Additional Charges May Apply: How Big Corporations Use Hidden Fees to Nickel, Dime, and Deceive American Families

GREEDFLATION REPORT SOCIAL (2)

January 24, 2024

Senator Casey released his fourth greedflation report, “Additional Charges May Apply: How Big Corporations Use Hidden Fees to Nickel, Dime, and Deceive American Families,” detailing how big corporations are tacking on excessive fees at the tail end of everyday purchases, from internet plans to ATM withdrawals.     

January 11, 2024 

Senator Casey sent a letter to the Government Accountability Office (GAO), urging the oversight agency to examine the effects of corporate greed on American consumers. The letter requested that GAO examine how greedflation and shrinkflation are affecting consumers and evaluate transparency measures that the federal government can implement to help consumers identify both practices.     

December 14, 2023 

Senator Casey released his third greedflation report, “Shrinkflation: How Corporations Are Shrinking Products To Super-Size Profits.” The report detailed how big corporations are making record profits by reducing the size of household consumer goods, from toilet paper to cereals to snacks, while continuing to sell them at the same retail price.  

November 16, 2023

Senator Casey, Chairman of the Senate Health, Education, Labor, and Pensions (HELP) Subcommittee on Children & Families, released his second greedflation report, “Stuffing Their Pockets: How Big Food and Agriculture Businesses Are Making Your Holiday Meals More Expensive.”       

November 8, 2023

Senator Casey, Chairman of the Senate Health, Education, Labor, and Pensions (HELP) Subcommittee on Children & Families, released a report detailing how big corporations are using inflation as cover to raise prices and rake in record profits at the expense of middle-class American families. Senator Casey called for addressing greedflation by putting more money in the pockets of working families, making big corporations pay their fair share, fighting unfair corporate price gouging, and taking on corporate monopolies to increase competition and lower costs.