America’s Grocery Crisis Is Wiping Out Average Families - As Prices Soar 56% In 2024

America’s Grocery Crisis Is Wiping Out Average Families - As Prices Soar 56% In 2024

Oct. 29, 2024

Epic Economist

You’re not imagining it. Grocery prices are still going up. In fact, new data shows that you're paying 50% more on basic food staples this year than you were four years ago. This winter you'll be forced to spend even more, according to experts’ forecasts.

Farmers and ranchers are saying that extreme weather events have caused cattle and crop production to decline throughout 2024, and we will see the impact of that in the next few months as food becomes more scarce and more expensive.

But there's something much more sinister fueling these abusive price hikes. A new report revealed that food manufacturers and retailers are shamelessly using inflation as an excuse to keep on passing higher costs to consumers.

With the overwhelming majority of Americans worried about affording groceries, this situation is reaching critical proportions. Millions of U.S. households are being wiped out and going into debt just to buy everyday essentials.

What’s is truly behind this distressing trend, and what can we do about it? In this video, we’re breaking down the grocery crisis that’s unfolding right now across America — and we have to admit that it’s far worse than you think.

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Original: https://youtu.be/5jX_5F124CM

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