54% of young Americans say food costs are the biggest strain on their finances

As they're living with their parents because they can't afford an apartment of their own.

Let me rephrase it.

54% of young Americans struggle to buy food.

Do we REALLY need to quiz people to know this? Ffs.

Don't worry though we solved inflation. We just removed it from our calculations. If we don't count it: it's not there!

hey rich people, ever heard the stories of what happens when the mass working class gets hungry?

Rephrased: 54% of young Americans live with their parents or in large communal housing and still struggle to afford food.

I was a bit surprised rent wasn't higher, but I wonder how many of the respondents haven't moved and have rent control, so they aren't affected by rent hikes.

That's why revolution starts with the bread

Shit's bad in Canada, and our grocery store megacorps are taking us for all we've got. Five boneless skinless chicken breasts for $28 is insanity. Yet here we are.

Man, I don't know what I'd do without Aldi. Ironic that the best grocery chain in America is European, when the American Grocery Store used to be such a symbol of U.S. prosperity.

This fucking god awful economy is literally built out of strains on millennials finances.

Yeah no shit

Not really surprising.

I make way more than I did in my 30s (53 now) but I feel way poorer. Of course my mortgage payment is more than 3x what it was back then … that might be a reason.

Considering only 30% of the people in this survey from ages 18-34 are working full time, i'm going to go ahead and say this isn't an accurate representation of independent young adults.

26% are in school and 16% are unemployed for a total of 42% not really making money / are using loans for housing or are living at home.

28% are working part time and are unlikely to be living on their own - it's rare to find a part time gig that can afford housing.

So 22% think housing is the highest cost issue... and only 30% are employed full time... sounds about right to me! I'm guessing it's not 30% because those 8% got mortgages during the 4% or lower interest rate era.

You know chit don't seem right when your groceries alone, not even including fast food / restaurant dining, is about the same if not more than your mortgage payment.

Now that AI tech is going full swing in implementation across multiple industries in the U.S., prepare for stagflation.

Historically, stagflation occurs when high unemployment, slow economic growth and high inflation all happen at the same time. Powell compared today's economy, with both inflation rates and the unemployment rate below 4%, to that of the 1970s, the decade when most economists consider stagflation to have taken root. May 1, 2024

No need for bread lines if you can't afford bread.

Sounds about right.

They should boycott.

shocked pikachu

I wish stores like Grocery Outlet had more attention. I've saved so much money there

!gardening !balconygardening

I remember having to spend $20 a week on groceries 15 years ago. Now I'm spending ~$30. It's disgusting.

Edit: I don't know why I am getting downvoted.this is really about what I spend on groceries.

I may also have some advantages here. I eat almost a vegan diet. I do a large amount of cooking from scratch. I also will look for the discount items at stores and plan accordingly from what I find. The most expensive thing I get is Yogurt because it's where I get my protein besides beans.

This week I was making vegan Bahn Mi sandwiches. (Cilantro, Pickled carrots, Pickled radish, cucumber, green onion, tofu, and Avacado that was bought the previous week, baguette)

$6 Yogurt $12 vegetables/fruits $1 Bread $3 sting cheese Cheese $2 Tofu $5 premade non perishable food items $12 bulk energy drinks, this will last me a while. Found them on discount. $3 pickles

So, we are up to over $40, but because I bought stuff in bulk this week. Next week it will probably be $25 or so.

If anyone is in a bind that wants food ideas, hit me up. I love cooking.

Maybe quit ordering out and having it delivered?

Wait, what? If you're hungry, nutritious food (canned beans and such) will cost less than $5 a day. And that's without cooking. If you can boil water, you can save some money and increase the variety of food available to you.