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Food Banks Overwhelmed As Food Insecurity Grows
Increasingly, even middle class Americans struggle to feed their families
Note: I source my data. To see the source, click on bolded and underlined text, which provides a link.
The United States saw its economy shrink by 0.9% in the last quarter, the second straight quarter during which it’s shrunk. The technical definition for a recession is two consecutive quarters of negative growth. Therefore, we are technically in a recession.
We are also dealing with a high rate of inflation.
According to a report released by the Federal Reserve Bank of San Francisco, the U.S. inflation rate spiked higher than that of other countries in March of 2021. This occurred shortly after the passage of President Biden’s $1.9 trillion COVID-19 relief package.
This has led to a higher inflation rate in this country than in other developed countries such as Germany, France, Japan, Australia, Canada, and Singapore. Only the U.K and Spain have a higher inflation rate.
Inflation has caused gas prices to rise. While part of that can be blamed on the war in Ukraine, gas prices started to rise shortly after President Biden took office. They rose by almost 50% in 2021.
