One in Four Americans Buys Food on Credit

According to a recent study by Lending Tree, one in four U.S. residents — 25% of respondents — use credit to buy groceries. This figure has increased by 14 percent compared to the previous year, indicating growing financial pressure on American households.

While using credit cards is common in the U.S., the study notes that 41 percent of respondents reported at least one missed payment in the past year. This suggests a declining ability to repay debts on time and maintain personal budget stability.

Rising prices for essential goods, including food, remain a key reason behind growing credit dependence. U.S. economists emphasize that inflationary pressure continues to impact daily expenses, pushing people to rely on borrowed money for basic needs.

Respondents stated that the rise in food prices and other everyday goods has significantly outpaced income growth. This imbalance is straining household budgets and increasing reliance on credit lines, especially among middle- and low-income families.

The study also found that many Americans do not expect to pay off their debts anytime soon. Growing debt burdens may damage credit scores and reduce overall financial resilience. Financial advisors warn that prolonged reliance on credit cards for daily expenses can have lasting consequences, including rising interest costs and reduced repayment capacity.

Amid the current economic climate — marked by rising interest rates and persistent inflation — experts expect this trend of using credit for everyday purchases to continue in the short term. The level of delinquencies may rise further without targeted social and economic support.

Lending Tree regularly publishes reports on consumer behavior in the U.S. The latest findings have intensified analysts' concerns about the financial stability of the American population amid global economic uncertainty.

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