• Home
  • Politics
  • Health
  • World
  • Business
  • Finance
  • Tech
  • More
    • Sports
    • Entertainment
    • Lifestyle
What's Hot

OpenAI CEO Warns: ‘Not A Huge Amount Of Time’ Until China Overpowers American AI

May 9, 2025

Short and Funny Sayings for a Happy Summer with Friends

May 9, 2025

Trump Announces First Post-Tariff Trade Deal

May 8, 2025
Facebook Twitter Instagram
  • Contact
  • Privacy Policy
  • Terms & Conditions
Friday, May 9
Patriot Now NewsPatriot Now News
  • Home
  • Politics

    Security video shows brazen sexual assault of California woman by homeless man

    October 24, 2023

    Woman makes disturbing discovery after her boyfriend chases away home intruder who stabbed him

    October 24, 2023

    Poll finds Americans overwhelmingly support Israel’s war on Hamas, but younger Americans defend Hamas

    October 24, 2023

    Off-duty pilot charged with 83 counts of attempted murder after allegedly trying to shut off engines midflight on Alaska Airlines

    October 23, 2023

    Leaked audio of Shelia Jackson Lee abusively cursing staffer

    October 22, 2023
  • Health

    Disparities In Cataract Care Are A Sorry Sight

    October 16, 2023

    Vaccine Stocks—Including Pfizer, Moderna, BioNTech And Novavax—Slide Amid Plummeting Demand

    October 16, 2023

    Long-term steroid use should be a last resort

    October 16, 2023

    Rite Aid Files For Bankruptcy With More ‘Underperforming Stores’ To Close

    October 16, 2023

    Who’s Still Dying From Complications Related To Covid-19?

    October 16, 2023
  • World

    New York Democrat Dan Goldman Accuses ‘Conservatives in the South’ of Holding Rallies with ‘Swastikas’

    October 13, 2023

    IDF Ret. Major General Describes Rushing to Save Son, Granddaughter During Hamas Invasion

    October 13, 2023

    Black Lives Matter Group Deletes Tweet Showing Support for Hamas 

    October 13, 2023

    AOC Denounces NYC Rally Cheering Hamas Terrorism: ‘Unacceptable’

    October 13, 2023

    L.A. Prosecutors Call Out Soros-Backed Gascón for Silence on Israel

    October 13, 2023
  • Business

    OpenAI CEO Warns: ‘Not A Huge Amount Of Time’ Until China Overpowers American AI

    May 9, 2025

    Trump Announces First Post-Tariff Trade Deal

    May 8, 2025

    Electric Vehicle Sales Nosedive As GOP Takes Buzzsaw To Biden’s Mandate

    May 7, 2025

    Tyson Foods Announces It Will Bend The Knee To Trump Admin’s New Rules

    May 7, 2025

    Federal Reserve Holds Interest Rates Steady Despite Pressure From Trump

    May 7, 2025
  • Finance

    Ending China’s De Minimis Exception Brings 3 Benefits for Americans

    April 17, 2025

    The Trump Tariff Shock Should Push Indonesia to Reform Its Economy

    April 17, 2025

    Tariff Talks an Opportunity to Reinvigorate the Japan-US Alliance

    April 17, 2025

    How China’s Companies Are Responding to the US Trade War

    April 16, 2025

    The US Flip-flop Over H20 Chip Restrictions 

    April 16, 2025
  • Tech

    Cruz Confronts Zuckerberg on Pointless Warning for Child Porn Searches

    February 2, 2024

    FTX Abandons Plans to Relaunch Crypto Exchange, Commits to Full Repayment of Customers and Creditors

    February 2, 2024

    Elon Musk Proposes Tesla Reincorporates in Texas After Delaware Judge Voids Pay Package

    February 2, 2024

    Tesla’s Elon Musk Tops Disney’s Bob Iger as Most Overrated Chief Executive

    February 2, 2024

    Mark Zuckerberg’s Wealth Grew $84 Billion in 2023 as Pedophiles Target Children on Facebook, Instagram

    February 2, 2024
  • More
    • Sports
    • Entertainment
    • Lifestyle
Patriot Now NewsPatriot Now News
Home»Business»Inflation Under Biden Crushing Families On Food Stamps, Report Finds
Business

Inflation Under Biden Crushing Families On Food Stamps, Report Finds

May 22, 2024No Comments3 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Food 4 Less Opens First Store In Chicago
Share
Facebook Twitter LinkedIn Pinterest Email

The sky-high inflation experienced under President Joe Biden continued to degrade what families could afford on federal food assistance in 2023, a recent report from the Urban Institute found.

The Supplemental Nutrition Assistance Program (SNAP) failed to cover the cost of a modestly priced meal in 98% of counties in 2023, far higher than the 21% gap experienced in 2021 due to rampant food inflation, according to the report. The price of food on average has risen 20.4% since the start of Biden’s term in January 2021, higher than the overall rate of inflation, which measured 19.3% in that same time frame. (RELATED: Looking To Retire Soon? You’ll Need Over $1 Million To Live ‘Comfortably’ Under Biden, Report Finds)

SNAP benefits are adjusted at the start of every fiscal year by the Department of Agriculture to account for an increase in the cost of living, but due to persistently high inflation, changes to benefits were not able to be extended to cover the full degree of inflation, according to the report.

An Urban study found that many families turned to credit card debt, payday loans, & other options to put food on their tables. Check out this Urban Wire blog post to learn about challenges & how #safetynet programs through the #FarmBill can help. https://t.co/OT5dkWWhUx #Policy

— Urban Institute (@urbaninstitute) May 21, 2024

In 2023, SNAP benefits were on average $49.29 lower than what monthly meals cost for an individual, being $73.31 short in urban areas and $44.38 short in rural areas, according to the report. Urban areas had meal costs that were 28% higher than SNAP benefits by the end of 2023, while urban areas had a gap of 17%.

See also  Japan's inflation comeback prompts investors to tear up old playbooks

The rate of inflation peaked at 9% under Biden in June 2022 and has since failed to fall below 3%, most recently rising 3.4% in the year as of April. In an attempt to bring inflation down, the Federal Reserve has set its federal funds rate to a range of 5.25% and 5.50%, increasing the cost of debt across the economy, particularly for Americans using credit cards to make ends meet.

Amid rising costs, Americans have been spending through their savings to make up the difference, with the cumulative amount of savings held by Americans dropping to $671 billion as of March, far lower than the over $1 trillion held one year earlier.

The White House did not immediately respond to a request to comment from the Daily Caller News Foundation.

All content created by the Daily Caller News Foundation, an independent and nonpartisan newswire service, is available without charge to any legitimate news publisher that can provide a large audience. All republished articles must include our logo, our reporter’s byline and their DCNF affiliation. For any questions about our guidelines or partnering with us, please contact licensing@dailycallernewsfoundation.org.

Biden Crushing Families finds food inflation Report Stamps
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

OpenAI CEO Warns: ‘Not A Huge Amount Of Time’ Until China Overpowers American AI

May 9, 2025

Trump Announces First Post-Tariff Trade Deal

May 8, 2025

Electric Vehicle Sales Nosedive As GOP Takes Buzzsaw To Biden’s Mandate

May 7, 2025

Tyson Foods Announces It Will Bend The Knee To Trump Admin’s New Rules

May 7, 2025
Add A Comment

Leave A Reply Cancel Reply

Top Posts

Red States Slap Biden SEC’s Latest Climate Rule With Legal Challenge Within Hours Of It Going Live

March 6, 2024

 Judge Denies RFK Jr’s Request For Restraining Order Against YouTube’s Censorship

August 23, 2023

‘Taco Tuesday’ owners fire back after Taco Bell’s trademark challenge

June 26, 2023

Afghanistan-Iran Complete First Trial Run of Khaf-Herat Railway

June 2, 2023
Don't Miss

OpenAI CEO Warns: ‘Not A Huge Amount Of Time’ Until China Overpowers American AI

Business May 9, 2025

The United States has “not a huge amount of time” before China reaches parity or…

Short and Funny Sayings for a Happy Summer with Friends

May 9, 2025

Trump Announces First Post-Tariff Trade Deal

May 8, 2025

100 Funny Father’s Day Quotes for Hilariously Relatable Humor (and Plenty of Love Too)

May 8, 2025
About
About

This is your World, Tech, Health, Entertainment and Sports website. We provide the latest breaking news straight from the News industry.

We're social. Connect with us:

Facebook Twitter Instagram Pinterest
Categories
  • Business (4,111)
  • Entertainment (4,220)
  • Finance (3,202)
  • Health (1,938)
  • Lifestyle (1,627)
  • Politics (3,084)
  • Sports (4,036)
  • Tech (2,006)
  • Uncategorized (4)
  • World (3,944)
Our Picks

Bidinflation Burger: Inflation Causes Café Inspiring ‘Bob’s Burgers’ To Close

April 9, 2023

Spirit AeroSystems plunges 27% after bleak cash-flow outlook shocks investors

August 3, 2023

Jurgen Klopp issues update on his future as Liverpool manager ahead of Merseyside Derby

February 13, 2023
Popular Posts

OpenAI CEO Warns: ‘Not A Huge Amount Of Time’ Until China Overpowers American AI

May 9, 2025

Short and Funny Sayings for a Happy Summer with Friends

May 9, 2025

Trump Announces First Post-Tariff Trade Deal

May 8, 2025
© 2025 Patriotnownews.com - All rights reserved.
  • Contact
  • Privacy Policy
  • Terms & Conditions

Type above and press Enter to search. Press Esc to cancel.