Low-income households face ‘remarkable’ rise in food insecurity in K-shaped economy: New York Fed
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The so-called " K-shaped economy " is now linked to "a remarkable increase in food insecurity," according to a new blog post by the Federal Reserve Bank of New York. Large segments of the population are facing high levels of financial strain, according to a post published on Wednesday, based on data from the Survey of Consumer Expectations. Among this group, lower- and middle-income households have been hardest hit by prolonged inflation . A greater share of their spending is allocated to goods
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