New York, the city of dreams where everyone can fit in, is gradually becoming unlivable. Not only are rent prices exploding, but the price of a human necessity, food, is becoming unaffordable.
According to studies by the Washington Post and CNN, inflation has peaked at its highest level in 40 years. There was a 12% increase in grocery store food prices, compared to May 2021. From May 2021 to May 2022, there was a 32.2% increase in the price of eggs, an increase of 14 .2% of meat, poultry and fish and an 11.8% increase in dairy products. This growing inflation is not offset by workers’ wages. While necessary living conditions like food and housing become more expensive, wages stay the same, leaving people with no choice but to skip meals.
This price escalation has been steadily rising since 1981, but we are seeing its worst repercussions right now. Many Americans put their money aside as a “just in case” security. Many find that the rainy day fund is now needed to provide for simple needs like food and shelter. This leaves them without security in the funds they might need for future worries like hospital bills, tickets and more.
CouponBirds, an online coupon search tool, surveyed 3,500 adults to find out how many Americans have skipped meals or stopped eating so much because of unaffordable prices. The data revealed that 42% of adults in New York State said they ate less or skipped meals altogether due to rapid inflation.
That’s a total of 6,419,208 people who don’t eat until they are full.
Hawaii would have been hardest hit by inflation, not only in its grocery stores but in every other market as well. CNBC reported that Hawaii topped the list of the 10 most expensive states to live in. The average price of a home in Honolulu, Hawaii is $1,399,439, while their energy bills average $369.53.
Other states like West Virginia reported that 75% of respondents ate less, totaling 1,074,435 people. The lowest figure went to South Dakota and Wyoming, with 22% of people skipping or cutting meals, respectively.