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IPFS News Link • Economy - Economics USA

Economic Despair Is Rapidly Spreading As The Cost Of Living Rises To Extremely Oppressive Levels

• http://theeconomiccollapseblog.com, by Michael

In fact, unless you are independently wealthy, you are likely feeling pain too.  The cost of living has risen to extreme oppressive levels, and this has happened at a time when close to two-thirds of the country was already living paycheck to paycheck.  As a result, many Americans are having their finances stretched to the breaking point, and millions of them are reaching out for help.  For example, on Saturday morning the line of people waiting for assistance at one of Boston's largest food pantries "stretched the length of two football fields"…

The line outside Boston's American Red Cross Food Pantry on a recent Saturday morning stretched the length of two football fields.

The number of people filing into the red-brick industrial-zone warehouse on some days now exceeds the worst periods of the pandemic economic crisis and in April it had the second highest monthly traffic since it opened in 1982, according to David Andre, the director.

In recent months, food stamp benefits have been reduced to pre-pandemic levels, and that has made things even more challenging for those near the bottom of the economic food chain.

But it isn't just those that are unemployed or that are on government assistance that are hurting.  At one food bank in Colorado, "military families, teachers, nurses and even dual-income couples" are now coming for help…

Nathan Springer, a retired army colonel who is president and chief executive officer of the Colorado Springs-based Care and Share Food Bank, said his organization is seeing more requests for groceries from military families, teachers, nurses and even dual-income couples following the cut in assistance.


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