The recession ended three years ago, but many consumers may not feel their financial situations have improved. In fact, the high cost of living, rising rental rates and household prices and elevated unemployment have made many feel like the recession is still in full swing. A new study reveals that many are being forced to go without basic necessities to provide another need to family members: food.
A new study commissioned by Generations United and conducted by Harris Interactive reveals that in the past year, roughly one-third of adults in the U.S. have either experienced a lack of food or expressed concerns over grocery shortages for relatives and friends. In addition, one in 10 respondents said they went without a basic necessity, such as food, medicine or healthcare in order to provide food to another family member.
“Before conducting the survey, we knew that the incidence of hunger had been rising in the years since the economic downturn. Nevertheless, we were disturbed to learn that so many adults are being forced to choose between eating or buying medicine,” said James Taylor, president of Sodexo, Inc. “People should never have to choose between such basic needs. Nor should they have to worry that someone close to them lacks access to nutritious food. We’re a large and prosperous country and we must address this issue head on, for the good of us all.”
Finding ways to meet basic living needs
When individuals lack the money for food, it may denote a critical issue with their finances which can warrant the assistance of a credit counselor. Whether it be debt, limited income or other financial issues, speaking with a professional is the first step in determining the core issues and seeking solutions.
In the interim, many communities and family members have gotten together during difficult financial periods to help each other. This may involve taking turns when it comes to cooking and purchasing groceries for loved ones. Some families save money by asking each family member to cook a large meal each week. This allows families to get the nutritional variety they need on a budget.