by Susan Duclos, All News Pipeline:
Despite the gaslighting of the Biden regime and their media supporters, the price of food is not, and will not be coming down…..at all. While August’s numbers on inflation and food inflation won’t be released until September 13, we do know that July’s overall inflation rate rose, and that food inflation has remained far higher than overall inflation for more than two years.
In some cases food rose more than double of overall inflation.
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On top of that we now see due to circumstances right here in America, we once again have multiple “looming grocery shortages,” which will raise the prices of those consumables even more than the price spikes we have seen over the past couple of years,
The economy is in the dump and no matter how many times the media, or Joe Biden op-eds, tells us how great we are doing, Americans are going to judge that for themselves by what they see in their wallets, their bank accounts, and what the bill is every time they shop for food, appliances, cars, homes or anything else they may need to purchase.
Many Americans have been waiting for prices to lower, but even if inflation came it at zero (which isn’t even their goal, 2% is), prices will not come down, they just wouldn’t rise for that month. The only way to lower prices is to see negative inflation, which simply isn’t going to happen.
Those who do not “prep” for survival, stocking up on basics and necessitates, and even a few that do, have preferred to wait until thigs got “better” instead of accepting that prices have risen far more than wages, and part of survival now should be learning to live in a lot of ways, as our ancestors did.
Before getting into that, let us take a look at some of the food and economy news.
BIDENOMICS IS FAILING…
The number of Americans living paycheck to paycheck came in at 61% according to the latest polls. That 61% is an average between those making less than $50,000, those making $50,000 to $100,000 and those making more than $100,000 annually.
Now, 78% of consumers earning less than $50,000 a year and 65% of those earning between $50,000 and $100,000 were living paycheck to paycheck in July, both up from a year ago, LendingClub found. Of those earning $100,000 or more, only 44% reported living paycheck to paycheck.
Setting aside those that make more than $100,000, out of those making less than that, the number living paycheck to paycheck comes in at a little more than 71%.
More disturbing news about how “well” Bideonomics is doing, shows that less than half of Americans, 45%, have an emergency fund, with 26% of those having less than $5,000 saved.
As the graphic above shows, one in seven people in the United States are dependent on food banks to survive, and digging into the statistics is heartbreaking.
• In the United States, 1 in 7 people rely on food banks – an estimated 46 million people.
• 37 million Americans (including 11 million children) face hunger every day.
• More than 50 billion pounds of food end up in landfills while one third of food banks lack the donations they need.
• The COVID-19 pandemic in 2020 resulted in a 47% increase in the number of people relying on food banks in the United States.
• In New York City, approximately 1.4 million residents rely on emergency food programs, including soup kitchens and food banks.
Those statistics ignore the ones from other countries, but those numbers can be found at the link above as well.
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