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 U.S. Job Surge Puts Pressure on Fed's Inflation Strategy READ MORE China's Gold Imports Skyrocket as Middle Class Seeks Stability READ MORE Supreme Court Boosts Dollar Outlook with Trump Immunity Ruling READ MORE Dollar Gains as Market Awaits Fed Minutes; Pound Steady on Inflation Data READ MORE Federal Reserve Shifts Focus Away from Recession Concerns READ MORE Add a Comment Cancel replyYour email address will not be published.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