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 Surging Industrial Demand for Silver means Structural Deficit set to Intensify READ MORE Market Rebounds on Positive Jobless Data, Boosting Major Indexes READ MORE Major Win for Consumers: Credit Card Late Fees Reduced by CFPB Ruling READ MORE Multiple Factors Align for Gold's Continued Rally: Technical Analysis Points Higher READ MORE Gold and Bitcoin: Call of the Year for 2024 READ MORE Add a Comment Cancel replyYour email address will not be published.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