For the first time in decades, the cost of food has become a major issue in America. If rapidly rising food prices are not a problem for you, then you should be very thankful, because most of the country is really hurting right now. The cost of food has been going up much faster than our paychecks have throughout 2022, and this week Walmart CEO Doug McMillion publicly admitted that double-digit price increases for packaged foods “are going to be with us for a while”. This is a crisis that isn’t going away, and as you will see below, it appears that things will get even worse in 2023.
But even though I am constantly writing about our deteriorating economic conditions, even I was absolutely stunned by the results of a new survey that was just released…
More than two-thirds of Americans are having a hard time affording groceries as food costs continue to soar, according to new data.
Retail technology platform Swiftly reported Wednesday that 69% of shoppers say they are struggling to pay their grocery bills after months of persistently sky-high inflation, and 83% currently rely on some form of coupons or loyalty program to put food on the table, according to its True Cost of a Grocery Shop survey.
If this poll is accurate, that means that almost 70 percent of all Americans are having trouble paying their grocery bills right now.
That is crazy!
Unfortunately, food prices are only going to go higher because global food supplies just keep getting tighter and tighter.
For example, the USDA is projecting that the upcoming orange harvest in Florida will be the smallest since 1943…
Orange juice futures squeezed to a near-record high ahead of another US Department of Agriculture’s crop report on Friday that will likely show tight global supplies will persist well into the new year.
USDA’s next report will provide an estimate for Florida’s 2022-23 harvest. Figures will add to October’s downbeat report, which showed that Florida would only produce 28 million boxes (each box is 90 pounds) for the current season, down 32% from the prior year. This season is expected to be the lowest harvest since 1943.
98% !!!!!
All the Republicans !!!!!
All the White People because they don’t get that Biden $$$$ benefit !!!!
Three hundred dollars on my last trip to Food Lion. Bought some ground been and Chicken and the normal staples, like bread, milk and eggs. Hard paying these prices, when I have to also pay for a mortgage, car and utilities like Electric. I have already given up luxuries like Cable TV and my landline phone. Something has to give!
121pm……the statement “it will get better” does ring true for most things. The problem is the here and now. Try to hang in there, we all are in the same boat and all are sacrificing too. Do whats needed for you and yours. Thats what matters 1st.