lower-income households

The Federal Reserve Bank of New York reports a significant rise in food insecurity among American households since 2020, particularly affecting lower-educated, lower-income, and households with young children due to economic strains.

A study by the New York Fed shows that surging gas prices are affecting lower-income households more severely, causing them to reduce their purchases. Lower-income consumers are compensating for higher gas prices by buying less. This highlights the disproportionate impact of rising gas prices on economically vulnerable populations.