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Saving Advice

Max Erkiletian

More Americans Are Going Into Debt to Buy Groceries — Why Experts Say It’s a Warning Sign

SavingAdvice Ashley Morgan Austin Kilgore the Urban Institute

financing groceries — More consumers are carrying credit-card balances to cover essential expenses, turning everyday purchases such as groceries into debt that can follow them for months. NIKS ADS/Shutterstock

Recent studies show that more and more people are going into debt to finance groceries and other basic staples such as rent and utilities. Leading the trend are retirees.

Millions Buying Groceries on Credit

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