If it seemed your grocery bill went up over the last few weeks, you're right. The Bureau of Labor Statistics reported prices for meat, poultry and fish increased by more than 5% since February. Dairy products also increased by about 2%.
The culprit? Fuel prices...which rose by almost 12% in March. Those costs, of course, are all passed on to the consumer. (story here)
Those hardest hit, as always, are families already struggling with financial problems. Cutting back on food budgets is one of the first things people do when the bank account dwindles. But when grocery prices continue to climb, cutting back has little impact.
A new study last month found that 1 out of every 8 Americans will experience 'food insecurity' this year. The definition of 'food insecurity' is 'being without reliable access to enough affordable, nutritious food'. 1 of every 6 children, according to the study, will be faced with food insecurity this year. (study here)
The fact is, however, that many of these situations can be avoided if a legal remedy is at least considered. Many of these families with financial difficulties (especially those caused by out of control debt) can find a way out of their challenges with the remedies offered by our office.
Through debt reconstruction, debtor negotiation, budget planning, or in some circumstances filing for bankruptcy, many struggling families can legally prevent most of the problems they face today. Call our office at (731) 423-1888 and schedule a free consultation.
At the law office of T. Verner Smith, we have helped thousands of families in Tennessee and are eager to see how we can assist yours as well.
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Call us at (731) 423-1888