Going into debt to pay for groceries
Marketplace All-in-One
Marketplace
4.5 • 1.4K Ratings
🗓️ 13 July 2026
⏱️ 9 minutes
🧾️ Download transcript
Summary
Tomorrow, we'll get an inflation reading via the consumer price index. But a new report from the Urban Institute already finds that some people are struggling to cope with the cost of groceries. It turns out that more people utilizing credit cards and buy now, pay later services for groceries are struggling to repay those debts. Then, could the gig economy be a solution to funding the Social Security trust fund?
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Transcript
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| 0:00.0 | For decades, companies built their procurement and supply chains around cost and efficiency. |
| 0:05.7 | Today, that's no longer enough. |
| 0:08.1 | Wars, trade conflicts, and the regionalization of trade have changed the rules. |
| 0:13.2 | Companies still need to control costs, but they also need to reduce risk and respond faster to disruptions and shocks. |
| 0:20.6 | GEP helps the world's leading enterprises do exactly that. |
| 0:24.8 | Through its AI-native quantum intelligence platform and services, |
| 0:28.8 | GEP helps companies gain visibility, predict and manage risk, |
| 0:32.9 | and make smarter capital investments across their global value chain. |
| 0:36.6 | More than 7,000 employees across 30 offices support over 1,000 organizations worldwide. |
| 0:43.6 | GEP combines agentic AI with three decades of procurement and supply chain data and expertise. |
| 0:50.7 | Learn more at gEP.com. |
| 0:55.2 | Getting into debt to eat, a new report's stark findings. |
| 1:00.3 | From Marketplace in Los Angeles, I'm Nova Safo and for Kimberly Adams. |
| 1:03.8 | We'll get a number of inflation measures this week, including the Consumer Price Index, tomorrow. |
| 1:09.0 | It will include the latest on the cost of groceries. We know so far |
| 1:12.9 | they're up more than two and a half percent in a year. And a report out this morning says higher |
| 1:18.0 | grocery bills are leaving more people in debt. They're using credit cards by now pay later |
| 1:23.5 | services and payday loans. Marketplaces Nancy Marshall-Genzor reports. |
| 1:28.8 | The report from the Urban Institute crunches data from about 10,000 people and found |
| 1:34.4 | more than half of low and moderate income adults who use credit cards to purchase groceries, |
| 1:41.0 | face repayment challenges. Cassandra Martin Check is a co-author. She says almost one in |
| 1:46.9 | 10 working age adults used buy now pay later to purchase groceries. About a third of them |
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