Millions Of Americans Are Going Into Debt Just To Buy Groceries

The findings come as grocery prices have climbed about 32% over the past five years.

by Sidnee Michelle

Millions of Americans are turning to credit cards, buy-now-pay-later loans, and personal savings to pay for groceries as food prices continue to strain household budgets, The Street reports.

The nonprofit research organization’s Well-Being and Basic Needs Survey, which polled more than 10,000 working-age adults nationwide, found that many consumers are increasingly relying on debt to cover everyday food purchases. The findings come as grocery prices have climbed about 32% over the past five years, leaving many households with fewer options to absorb higher costs.
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