Low-income Americans are facing increasing financial strain, with rising challenges in paying rent and affording food. Data from Propel Inc reveals that a significant portion of families on supplemental nutrition assistance programs (SNAP) missed meals in August, and many couldn't afford food.
This financial distress has escalated since July, leading to utility cutoffs and mounting debt among SNAP recipients.
Consumer confidence has also declined, particularly among those earning less than $25,000, due to reduced social assistance and pandemic-related support.
55% of SNAP recipients faced food affordability issues, more than double the previous year.
Low-income households have experienced worsening financial situations since July, including utility cutoffs and rent challenges.
More than two-thirds of increased SNAP benefit recipients are in debt.
Food insecurity has worsened since the withdrawal of pandemic-related assistance in May.