Rising Food Prices Force Consumers To Cut Back On Groceries

This Much Is Sure: Not many Are Happy With What's Going On In Washington

CARLE PLACE, N.Y. (CBSNewYork) — Grocery shoppers are holding back on their spending amid rising food prices and recession worries.

Marty Friedman of North Bellmore blames the drop in economic consumer confidence  and the rise in food prices on Washington wrangling over a first-ever U.S. default.

“No one’s comfortable. I want to kick everyone in Washington out,” he told CBS 2’s Jennifer McLogan.

According to a new Siena College research poll, talk of the default and Wall Street’s plunge are worrying shoppers.

Betty Acquafredea of Uniondale said she’s focusing only on the essentials.

“Well, you buy what you need. Everybody is doing that,” she said.

“My dad is a waiter. He can’t afford these things,” added Cleber Guaman of New Hyde Park.

Locally, food costs continue to hit hard as 71 percent of Tri-State Area residents report their finances are either very or somewhat seriously impacted by grocery prices.

Former trader Michael Driscoll, a business professor at Adelphi, said he believes it’s a combination of fears over food, gasoline, energy, housing and 401Ks.

“When you do have a crack in the overall market like what we’ve seen in the last two weeks, it does have a very profound impact on investor and consumer psyche,” he said.

Consumers like Rachael Jones of Old Westbury worry that the cost of eating healthy is becoming prohibitive.

“You have to get really creative. I don’t just go to one store. I go to BJ’s. I get the bulk. I go to Stop and Shop. And I go to maybe a Fairway or something just for the fruits and produce,” she said.

Experts said the stock market is rattling Americans’ confidence, making them less inclined to spend,  especially on health foods.

Some analysts believe the recovery will be drawn out and more painful than first expected.

Why do you think food prices have risen? Sound off in our comments section below…

More from Jennifer McLogan

One Comment

  1. Atcampbell says:

    Instead of ‘Why’ would rather hear comments on “How” to cope with rising food prices or ideas on what we can actually do…and do now. Bulk-buying with a group of friends directly from wholesalers, local suppliers and farms is one. With the economies of scale or volume buying—-nutritious food can become ‘more affordable’. It won’t be cheap as junk food—but would be more manageable for families, especially those who are aware that not eating right would just increase their medical expenses later on.

    Working together with other households to save money on healthy food can work—-that’s why I admire community organizers or people in your neighborhood who organize events, block parties that bring people together—-so that it’s easier to work together on problems that many share—-like rising food prices.

    For other ideas on food items and non-food items you can buy in bulk and split with friends, pls. see http://splitstuff.com/splits. Hope more friends and neighbors sign-up in the Tri-State area. And hope this idea helps!

  2. edy says:

    Welcome to the good ole usa

  3. Vernon Hell says:

    Simple Rx — cut the portion size. Lose the excess weight AND excess spending at the same time.

    1. Disgusted says:

      Very dumb, glib wisecrack. Obviously, you do not shop for a family. The healthier the food, the higher the price! OK, each child eats 1/4 of an apple? Still expensive.

      In fact, the extremely high cost of ALL food leads to obesity. Potatoes are cheaper than oranges, generic macaroni is cheaper than steak.

      Lurch your bulk out of your La-Z-Boy and look.

  4. flea says:

    “It’s Time To Stop&Shop”

  5. J says:

    I see this as a good thing, because now every Democrat, Republican and Tea Party member will incur the wrath of the American people. This nonsense of social justice is foolish and even more so at a time when the global economy is unstable. America is falling apart and the thing is; our government is able to put the breaks on the mismanagement of our country but is refusing to do so. Look at hard working Americans being abused with tax increases, rising gas, food and water prices. Our government is a mess and broke. Expect to see rising interest rates across the board and more frustration.

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