You'll Own Nothing, And You'll Be Hungry
There are many things missing from the CBS article, but at least it admits and footnotes the big increase in food prices.
The article attempts to distract with its mentions of restaurant prices. That would be useful if the article went on to point out that many restaurants are struggling to stay open, many have closed, and that those job losses will reverberate throughout the economy. Especially for those just entering the workforce with their largely-useless public school “education”.
Nothing in the article about the “mysterious” increase in the destruction of food factories. It's interesting to see the “factcheckers” saying that's not the case, trying to gaslight those of us who have been around awhile, who have their memories intact and are not dependent upon “search engines”.
Nothing in the article about wages not keeping up with the real rate of inflation. The article cutely refers to “rising wages”, without noting that crucial fact. 3.2% “cost of living” increase for Social Security recipients in 2024. That's one good way to cull the Useless Eaters.
Nothing about the increasing regulation of everything that contributes to the price increases of everything. Food or decent tires? Organic healthy food or garbage that at least keeps hunger pangs at bay and is affordable?
Nothing about rising prices across the board as the businesses that managed to survive the first phase of the CV1984 scam seek to recoup and recover.
If you haven't been downloading the free eBooks I've covered in other Posts, on growing your own food even with limited space, the CBS article is a timely reminder, while there's still time to prepare and store what you produce.
_________________________________
Between groceries and restaurants, Americans are spending more of their income on food than they have in 30 years.
That's according to the latest data from the USDA, which shows that U.S. consumers spent more than 11% of their disposable income on eating — whether at home or at a restaurant — in 2022, the highest percentage since 1991.
[Snip]
For years, the percentage of income people spent on food in the U.S. had been on the decline. That changed in 2022, when COVID-19 lockdown rules began to ease and Americans started eating out again.
[Snip]
By the end of 2023, meanwhile, consumers were paying nearly 20% more for the same basket of groceries as they were in 2021.
Americans are spending the biggest share of their income on food in 3 decades