53% of Americans currently highlight the cost of groceries as a significant source of stress, while 33% view it as a minor stressor. Housing costs follow closely behind at 47%, and concerns over earnings or saved money account for 43% of stress. Additionally, 14% of adults use Buy Now, Pay Later services for grocery purchases. Concerns about surging food prices and federal food assistance changes indicate potential challenges for food banks. Recent reports show that food prices increased by 3% year-over-year.
53% of Americans said the cost of groceries was a major source of stress right now, while 33% said it was a minor source of stress.
Between the lines: Food banks have braced for a surge in need triggered by federal food assistance changes signed into law by Trump.
14% of adults in the poll also reported using Buy Now, Pay Later services on groceries to make immediate purchases and pay for them in installments.
In June, food prices were up 3% compared to the prior year, according to a Consumer Price Index report released last month.
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