Food prices have increased under President Joe Biden’s leadership, fueling American hunger, as nearly a quarter of Americans sometimes don’t get enough to eat, an Urban Institute study revealed Tuesday.
for eggs , dairy , cereals , and cookies . Overall, food prices increased by 10.4 percent between December 2021 and December 2022, hitting a 40-year high for inflation.
WATCH: Fmr. Obama Econ. Adviser Furman–‘Nothing’ About CPI Is Comforting, Inflation Is ‘a Lot Higher’ than We Thought It Would Be Food prices were among the most impacted by Biden’s price hikes. Next to food costs, 55.5 percent felt the pain of gasoline price hikes, 26.4 percent were impacted by heating costs, 26.2 percent child care, 12.5 percent health insurance, and 8.1 percent mortgage payments.
“Because of recent price increases, 62.0 percent of adults whose grocery costs increased a lot reported either reducing the amount of food they bought or not buying the kinds of foods they wanted, 43.3 percent withdrew money from savings, and 36.3 percent increased credit card debt,” the study found. “About 16.5 percent received charitable food.”8,142 adults ages 18 to 64 in December 2021, and in December 2022, 7,881 participated.
The study’s revelations come as 41 percent of American families say their financial position has worsened since Bidensurvey. Just 16 percent said their financial health was “better off” under Biden.
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