More Americans Rely on Credit Cards to Buy Groceries, Study Finds

A new study indicates that rising food costs have pushed more than 25% of working-age Americans into credit card debt to pay for groceries, with over a quarter experiencing repayment struggles. Food prices have increased 32% over five years, disproportionately affecting middle-income families, and financial distress is expected to persist as inflation remains high. Despite short-term relief at the gas pump, experts anticipate continued elevated prices due to supply chain and geopolitical issues.

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