The demand for food banks is soaring across the country as American families battle red-hot inflation in Democrat President Joe Biden’s economy.
Long queues have been forming outside food banks as households can barely afford to buy essential items at grocery stores while their finances are being crushed by inflation.
The North Texas Food Bank (NTFB) is reporting that the situation has been getting steadily worse.
Demand for the food bank “is worse than a couple of years ago,” Trisha Cunningham, CEO of NTFB, told CBS News.
“We are serving now at higher levels than we even did at the peak of the pandemic.”
While inflation has begun to cool, food prices remain high, making it difficult for many families to afford even basic groceries. Food banks across the country are feeling the impact of high prices, with long lines and new faces as more families struggle to make ends meet. pic.twitter.com/HdFNFK1y9e
— CBS Evening News (@CBSEveningNews) August 29, 2022
When CBS asked people why they are lining up at the food bank, the overwhelming response was “that they can’t afford groceries.”
One person told CBS, “it’s just the basics: flour, sugar, egg, and milk” prices that have spiraled out of control.
“We don’t buy cookies and cakes because we don’t have that luxury anymore,” they added.
CBS pointed out that 53 million Americans relied on food banks in 2021, compared to 40 million in 2019, which means a whopping 13 million new Americans can’t afford essential items at supermarkets.
None of this comes as a surprise as consumers, mainly on the lower tier, have drained savings and maxed out credit cards to survive the highest inflation in forty years.
A slew of retailers warned that lower-income consumers aren’t in great shape this summer despite the Biden administration touting that everything is wonderful ahead of the midterm elections in November.
The latest consumer sentiment is at record lows because lower-income consumers have fewer resources to buffer against inflation.
Food banks are back and could see even more demand as the Federal Reserve’s most aggressive monetary tightening in decades will cause the unemployment rate to climb.
