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3 weeks ago

More Americans are relying on credit cards to buy groceries, new study finds

American families are increasingly being pushed past their financial limits at the grocery checkout counter, turning to credit card debt just to keep food on the table, according to a new study.Data released Monday from the Urban Institute found that a cumulative 32% increase in food costs over the last five years has pushed more than one in four working-age Americans into credit card debt just to cover their regular grocery bills."Groceries are one of the largest household budget items for families. Over the past five years, food costs have increased substantially," the report said. "This mea...