Through various surveys conducted by the Food Bank for New York City a new report was produced regarding 3-million college educated New Yorkers who have reported difficulties in affording food.
Statistics show, those with bachelor’s degrees have a 6 points increase and those with graduate degrees have a 2 points increase, according to one of the three expressed concerns they might need assistance.
A 6 percent increase was found in the affected residents making between $50,000 and $75,000 which makes them not eligible in food assistance program.
Investors Flock To Hedge Funds As Markets Recover
According to a recent Credit Suisse survey, investors are more interested in hedge funds than any other major asset class going into the second half of the year. Q1 2020 hedge fund letters, conferences and more This is a big switch from investor sentiment in the first half of 2020. Indeed, hedge fund launches slowed Read More
The percentage of New York City residents with annual household incomes between $50,000 to $74,999, and annual household incomes of $75,000 or more, who reported difficulty affording food increased from 26 percent to 32 percent, and from 13 percent to 16 percent, respectively, between 2010 and 2011.
The Food Bank says that the New Yorkers are purchasing fewer essential items like dairy, meat and fresh fruits and turning to soup kitchens and food stamps to overcome this difficulty.
“Sacrifice and support,” a strategy called by the organization which indicates the growing concern about rising food prices. In 2011, there was an 11 percent increase in the cost of staple food such as eggs, milk and meat.
States such as Georgia, California and Michigan have campus food banks for struggling college students, but schools in New York have fewer programs that are geared to college students.
Approximately 40% of those who are eligible for food stamps are not receiving them. One in every five people in New York is eligible for food stamps! Many people are eligible and do not realize it.
Check out the Food Bank for New York City’s Food Program Locator if you are a student in this situation or if you are outside of New York, call their information hotline at 212-894-8060 to see if you are eligible for the federal food stamp assistance program.
|ValueWalk Premium Subscription Includes: