It appears that the Dems, vis-à-vis Joe Biden, have done it again. They (he) have done things that end up hurting those who are the lowest on the economic ladder, the worst off. In fact, as I have pointed out many times before, this happens so often that one wonders if the Dems are doing it on purpose.
The latest … Supplemental Nutrition Assistance Program (SNAP) has been drastically effected by the sky-high inflation experienced under and caused by President Joe Biden.
His policies continue to degrade what families could afford on federal food assistance in 2023, according a recent report from the Urban Institute.
From The Daily Caller:
“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.”
Yes, inflation hurts just about everyone, but it is hurting those who have to rely on SNAP, the most!
From X, formerly known as Twitter:
“An Urban study found that many families turned to credit card debt, payday loans, & other options to put food on their tables.”
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.
Can anyone explain to me why JB thinks it’s a good idea for less affluent families to go further and further into debt just to eat? Perhaps someone could explain to President Biden that credit card debt and payday loans, unlike debt from student loans, does not just magically disappear!
To make matters even worse Biden’s inflation is even worse for those needing to rely on SNAP in mostly Democratic cities.
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 rural areas had a gap of 17%.
So Biden’s inflation not only hurts the poor the most, but those poor individuals who live in mostly blue cities are hurt even more!
5/25/24