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Fortune

Ashley Lutz

GoFundMe CEO says the economy is so bad that more of his customers are crowdfunding just to pay for their groceries

GoFundMe United States Tim Cadogan Economy Fortune

(Credit: JP Yim/Getty Images)

GoFundMe’s CEO just said the quiet part out loud: in this economy, more Americans are crowdfunding groceries to get by.

The head of GoFundMe, Tim Cadogan, told Yahoo! Finance the economy is so challenged that more Americans are raising money to buy food—an arresting data point that captures the widening gap between household budgets and basic needs.

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