Return to pandemic hunger levels could signal economic fragility

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Return to pandemic hunger levels could signal economic fragility: As economists and investors scour data on inflation, jobs, housing, banking and other bellwether indicators to determine whether the United States is headed for a recession, a visit to the…

More than 11.4 million households collected free groceries in early April, up 15% from a year ago, according to data from the Census Bureau.As economists and investors scour data on inflation, jobs, housing, banking and other bellwether indicators to determine whether the US is headed for a recession, a visit to the nation’s largest food-bank warehouse offers some ominous clues.

“Nobody anticipated this,” said Debra Shoaf, CFO of the private charity, which relies on corporate and individual donations, as well as government grants, to distribute food to the hungry in 29 Georgia counties. Shoaf, who also serves on the finance steering committee for the national charity Feeding America, says she’s hearing similar reports across the US. “We’re back up to pandemic levels,” she said.

More than 11.4 million households collected free groceries in early April, up 15% from a year ago, according to data from the Census Bureau. The sustained demand comes as most government pandemic emergency aid ends — notably, temporary Covid-19-related increases to the Supplemental Nutrition Assistance Program , formerly known as food stamps, a federal program that provides debit cards to directly purchase food at stores.

 

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Return to pandemic hunger levels could signal economic fragilityAs economists and investors scour data on inflation, jobs, housing, banking and other bellwether indicators to determine whether the United States is headed for a recession, a visit to the nation’s largest food-bank warehouse offers some ominous clues.
Source: TimesLIVE - 🏆 28. / 59 Read more »

Return to pandemic hunger levels could signal economic fragilityAs economists and investors scour data on inflation, jobs, housing, banking and other bellwether indicators to determine whether the United States is headed for a recession, a visit to the nation’s largest food-bank warehouse offers some ominous clues.
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