High Food Prices Push Americans into Debt for Essentials like Groceries Amid ongoing high food prices, many Americans are accumulating debt to afford groceries. Elevated costs have led families to use savings, credit cards, buy now, pay later programs, or payday loans, as highlighted by new Urban Institute research. Although these methods provide immediate relief, they can cause financial instability. Kassandra Martinchek from the Urban Institute notes that while food price increases are slowing, households still face higher grocery bills than last year, leading them to rely on financial sources beyond their income to meet basic needs. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Modest Inflation Increase Won't Derail Fed's Easing Strategy READ MORE Sticker Shock: Buying a Car in the US is More Expensive Than Ever READ MORE Biden Administration Cancels $6.1 Billion in Student Debt for 317,000 Amid Fraud Claims READ MORE US Treasuries Lose Edge Over Gold as Safe-Haven Investment READ MORE Economic Optimism: Growth and Jobs Up, Inflation Down in 2024 Forecast READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment