{"id":788142,"date":"2026-07-27T22:57:11","date_gmt":"2026-07-27T22:57:11","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/788142\/"},"modified":"2026-07-27T22:57:11","modified_gmt":"2026-07-27T22:57:11","slug":"one-in-five-americans-are-using-their-personal-savings-to-pay-for-groceries","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/788142\/","title":{"rendered":"One in five Americans are using their personal savings to pay for groceries"},"content":{"rendered":"<p>Many Americans are looking for ways to save money wherever they can.<\/p>\n<p>In April, grocery prices rose 2.9%, driven by higher fuel costs tied to the Iran conflict, weather impacts, and trade policies.<\/p>\n<p>More recently, a strategy called \u201cbackwards shopping\u201d has gained popularity as a way to cut costs by encouraging more intentional purchasing. The method is designed to help shoppers avoid overbuying.<\/p>\n<p>RELATED STORY |\u00a0<a class=\"Link\" href=\"https:\/\/www.scrippsnews.com\/us-news\/backwards-shopping-a-new-strategy-to-cut-your-grocery-bill\" rel=\"nofollow noopener\" target=\"_blank\">&#8216;Backwards shopping&#8217;: A new strategy to cut your grocery bill<\/a><\/p>\n<p>As people across the country struggle to make ends meet, a recent study found that one in five Americans are dipping into their savings accounts to pay for groceries.<\/p>\n<p>That\u2019s according to the Urban Institute, a Washington, D.C.-based nonpartisan group that tracks economic and social policy trends annually.<\/p>\n<p>The survey also found that nearly 35% of consumers bought groceries with a credit card in 2025 and paid the balance in full.<\/p>\n<p>RELATED STORY |\u00a0<a class=\"Link\" href=\"https:\/\/www.scrippsnews.com\/dont-waste-your-money\/eat-it-or-toss-it-what-the-best-by-date-on-your-groceries-really-means\" rel=\"nofollow noopener\" target=\"_blank\">Eat it or toss it? What the &#8216;best by&#8217; date on your groceries really means<\/a><\/p>\n<p>It also found that nearly 1 in 10 adults are using Buy Now, Pay Later options to pay for groceries. The short-term financing method allows shoppers to split purchases into smaller payments.<\/p>\n<p>Among those who used Buy Now, Pay Later services for groceries, one in three missed a payment.<\/p>\n<p>Nearly 20% of respondents said they are using savings that were not intended for daily expenses.<\/p>\n","protected":false},"excerpt":{"rendered":"Many Americans are looking for ways to save money wherever they can. In April, grocery prices rose 2.9%,&hellip;\n","protected":false},"author":2,"featured_media":788143,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[36],"tags":[28,101],"class_list":["post-788142","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/788142","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=788142"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/788142\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/788143"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=788142"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=788142"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=788142"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}