More Americans are struggling to afford food, according to a new Federal Reserve Bank of New York report.
Researchers found increases in food insecurity particularly among lower-income households and families with young children who missed meals or needed food assistance.
The findings may help explain why consumer sentiment remains low despite relatively strong economic data, as financial outcomes have become increasingly unequal.
AI-generated summary was reviewed by a CNN editor.
There’s been a “remarkable” increase over the past few years in Americans struggling to put food on the table, and that’s likely contributing to record-low consumer sentiment readings, new Federal Reserve Bank of New York research showed Wednesday.
