Americans Are Draining Savings Just To Eat, New Fed Research Shows— And More Households Fear What's Next
Food insecurity and financial strain are rising across large parts of the U.S. economy even as broader economic conditions remain relatively stable, according to new research published Wednesday by the Federal Reserve Bank of New York.
The report found that lower-income households, lower-educated households and families with children are experiencing increasing levels of food insecurity and economic stress.
The New York Fed described the trend as part of a "K-shaped economy," where higher-income households continue benefiting from rising stock prices, home equity gains and wealth accumulation while many lower-income Americans struggle with affordability pressures.
The survey showed more households reporting trouble affording food, relying on SNAP benefits, receiving food donations and dipp
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