“54% of young Americans say food costs are the biggest strain on their finances”
May 10, 2024
“Younger Americans are feeling the pinch from inflation, with 54% saying that rising food costs have hit them the hardest.
The findings are part of a recent CNBC/Generation Lab survey that polled 1,033 people between the ages of 18 and 34. When asked where in their budget inflation affected them the most, respondents choose food by a significant margin:
- Food: 54%
- Rent: 22%
- Discretionary spending: 10%
- Health care: 6%
- Utilities: 5%
Overall inflation has cooled off since its 9.1% year-over-year peak in June 2022, but it continues to rise at a 3.5% year-over-year pace as of March, according to the most recent data available from the consumer price index, which tracks the price of goods and services over time…”
https://www.cnbc.com/2024/05/08/young-americans-say-food-price-inflation-affects-them-most.html
Now would be a great time to start a garden. Even a small one produces a surprising amount of food. It’s the best way to fight inflation of the food supply.