I do not know about you but I have been watching my food budget get chipped away by policies from DC and the greed of those god awful middle men…..
I thought I was just being paranoid but apparently I am not alone….
The vast majority of US adults are at least somewhat stressed about the cost of groceries, a new poll finds, as prices continue to rise and concerns about the impact of President Trump’s tariffs remain widespread. About half of all Americans say the cost of groceries is a “major” source of stress in their life right now, while 33% say it’s a “minor” source of stress, according to the poll from the Associated Press-NORC Center for Public Affairs Research. Only 14% say it’s not a source of stress, underscoring the pervasive anxiety most Americans continue to feel about the cost of everyday essentials, the AP reports.
- The worry affects young and old alike. Groceries are one of the most far-reaching financial stressors, affecting the young and old alike, the poll finds. While Americans over age 60 are less likely than younger people to feel major financial anxiety about housing, their savings, child care, or credit card debt, they are just as worried about the cost of groceries.
- Even higher-income households are stressed. According to the poll, 64% of the lowest-income Americans—those who have a household income of less than $30,000 a year—say the cost of groceries is a “major” stressor. That’s compared with about 4 in 10 Americans who have a household income of $100,000 or more. But even within that higher-income group, only about 2 in 10 say grocery costs aren’t a worry at all.
- Other worries weigh heaviest on younger people. Other financial stressors—like the cost of housing or the amount of money in their bank accounts—are also broadly felt, but they weigh more heavily on younger Americans, who are less likely than older adults to have significant savings or own property. About half of US adults say housing is a “major” source of stress, according to the poll.
- “Buy now, pay later.” The survey also found that about 3 in 10 Americans overall, and 4 in 10 under age 45, say they’ve used what are known as “buy now, pay later” services when spending on entertainment or restaurant meals or when paying for essentials like groceries or medical care. An increasing share of those customers are having trouble repaying their loans, according to recent disclosures from the lenders.
- Some groups are more stressed than others. Women are more likely than men to report high levels of stress about their income, savings, the cost of groceries, and the cost of health care, the poll found. Hispanic adults are also particularly concerned about housing costs and both credit card and student debt. About two-thirds of Hispanic adults say the cost of housing is a “major” source of stress, compared with about half of Black adults and about 4 in 10 white adults.
- Esther Bland, 78, who lives in Buckley, Washington, says groceries are a “minor” source of stress—but only because her local food banks fill the gap. Bland relies on her Social Security and disability payments each month to cover her rent and other expenses—such as veterinary care for her dogs—in retirement. “I have no savings,” she says. “I’m not sure what’s going on politically when it comes to the food banks, but if I lost that, groceries would absolutely be a major source of stress.” Bland’s monthly income mainly goes toward her electric, water, and cable bills, she said, as well as care of her dogs and other household needs. “Soap, paper towels, toilet paper. I buy gas at Costco, but we haven’t seen $3 a gallon here in a long time,” she says. “I stay home a lot. I only put about 50 miles on my car a week.”
Just keep an eye on the trends….
Many Americans have been struggling with the price of groceries since the pandemic. In fact, the U.S. Economic Research Service reported a 23.6% increase in food prices from 2020 to 2024. This is higher than overall inflation, which was at 21.2% during this period (and which was already near a record high).
Surging prices on staples like eggs hit especially hard because, while it is possible to try to trim your grocery budget, there’s only so much you can do to cut back on essentials.
Unfortunately, things are not likely to get better any time soon. In fact, things are very likely going to get worse. That’s because tariffs are scheduled to go into effect on almost all U.S. trading partners. These tariffs were originally slated for August 1, but have now been pushed back to August 7.
Tariffs are taxes on imported goods, which are inevitably passed on to consumers. If there are higher import duties due on the food you eat, you are going to pay more for it. In fact, you are going to pay significantly more for many kinds of foods because it’s not that easy to just switch to sourcing certain items in the U.S.
https://www.thestreet.com/retail/tariffs-cause-august-grocery-price-surge-five-foods-hit-hardest
At first I thought my concern was from extreme dislike for this idiot that we put in the White House….but a trip to the market changed all that….the dislike has now become hate.
People may relish the idea of Donny’s programs of arresting those 7 year old hardened criminals and overlook they are being taking to the cleaners by other policies…..maybe that is the cost of ethnic hatred.
I Read, I Write, You Know
“lego ergo scribo”
When I read such reports, I am left feeling relieved that Julie and I both paid into good workplace pensions, and our house is paid for.
We have two reasonably good cars, and can manage to pay people to do our lawn mowing, hedge cutting, and washing the windows outside. Bills for electricity and heating oil are easily managed, and we don’t have to keep buying new clothes.
One thing we never stint on is food, as we feel that at our age, we deserve to eat good quality food and not worry about the cost.
But I do sympathise with younger people who are still working and paying mortgages. One of my step daughters has two children, and even with her and her partner both working in decent jobs, they often struggle to get by. (We help if asked of course, and have just bought our little grand-daughter a new larger buggy that cost over £500.)
Best wishes, Pete.
I also have two pretty good pensions and I refuse to go hungry but I am luckier than many seniors…..and the corp[orations that are gouging need to be called out and punished. chuq
Tariffs raise prices. Why do we have a trade imbalance with China? Because we buy all of their cheap stuff. Well, cheap stuff is a thing of the past once tariffs are added, and who pays? US consumers will…it’s a fact and it’s happening now. And how shocking is it that people are charging their food costs, adding another 25% interest to the costs…
I enjoy eating a lot but I will do it at home these days. chuq
https://johnliming783gmailcom-sycba.wordpress.com/
Are we in the process of changing again? chuq
I guess we are–
This is supposed to be a free site but they limit me to one city in the united states and gave me this screwey domain…they want me to pay the $48 for another blog and I am not going to do it…not until i stop flushing from rage, that is.
What was wrong with the one you had? chuq
Oh I don’t know, I am getting too damned old to do much of anything anymore… I was once one of the sharpest tacks in the box… these days I don’t know so much anymore …
Slow down it is still there…..chuq