Food Banks Seeing Flood Of Families Despite Low Unemployment
Despite US unemployment approaching multi-decade lows, food banks across the country are working overtime as inflation has forced many to turn to charity in order to feed their families.
As overall CPI has soared to a 40-year high of 9.1%, skyrocketing food and energy prices in particular are squeezing tapped-out consumers, along with rapidly rising rents and an end to federal COVID-19 relief.
Looking at this another way, an adjusted “misery index” – which combines US labor force participation with CPI – hasn’t been this high since the early 1980s.
Which brings us back to food lines. As AP reports: “The food banks, which had started to see some relief as people returned to work after pandemic shutdowns, are struggling to meet the latest need even as federal programs provide less food to distribute, grocery store donations wane and cash gifts don’t go nearly as far.” – READ MORE
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