President’s stunning admission comes as American struggle with surging inflation and record gas prices as a result of the continued blockade of the Strait of Hormuz
Well, I also don’t think the average American who is struggling to buy food doesn’t care about the stock market. It isn’t like they have any liquidity to trade or benefit from rich people getting richer.
I also don’t think the average American who is struggling to buy food
While I do take your point that what Trump’s talking about may or may not matter to a given individual, I’d also point out that the average American isn’t struggling to buy food.
That data might be useful for food industry and agricultural industry regulators, but it really doesn’t tell us anything about hunger. Like, just because Americans are making most of their expenditures on other things (probably healthcare, childcare, transportation, etc.) doesn’t mean they can afford food, probably the opposite if anything.
Meanwhile,
the U.S. Department of Agriculture (USDA) released its Household Food Security in the United States report, assessing that 13.7 percent of U.S. households were food insecure in 2024, marking the highest prevalence of U.S. food insecurity in nearly a decade. According to the USDA, this household food security report will be its last. In September, the USDA announced the “termination” of future reports with the claim that reports were “redundant, costly, politicized, and extraneous” and did “nothing more than fear monger.”
Well, I also don’t think the average American who is struggling to buy food doesn’t care about the stock market. It isn’t like they have any liquidity to trade or benefit from rich people getting richer.
While I do take your point that what Trump’s talking about may or may not matter to a given individual, I’d also point out that the average American isn’t struggling to buy food.
https://ourworldindata.org/food-prices
https://lemmy.today/pictrs/image/42c81299-bad4-4140-a849-c79a4515e402.png
The US has about the lowest percentage of expenditure going to food in the world, and that’s been true for a long time.
That data might be useful for food industry and agricultural industry regulators, but it really doesn’t tell us anything about hunger. Like, just because Americans are making most of their expenditures on other things (probably healthcare, childcare, transportation, etc.) doesn’t mean they can afford food, probably the opposite if anything.
Meanwhile,
https://www.csis.org/analysis/last-us-hunger-data-what-we-lose-termination-usdas-household-food-security-united-states (arc)