Jul. 14 at 3:06 AM
$CAG $HRL $KHC @k53 @Antmoss @Special3D
Millions of Americans are borrowing money or draining their savings to buy groceries, highlighting the financial strain many households face as the cost of living rises, new research has found.
More than a quarter of working-age adults who relied on credit cards to buy groceries were either unable to pay their balance in full or missed their minimum payment, according to the Urban Institute, a nonpartisan think tank. About one in 10 adults relied on so-called "buy now, pay later" loans to cover their groceries — of those, about a third missed a payment last year, the analysis found.
https://www.cbsnews.com/news/americans-credit-card-debt-buy-groceries/