Consumers are worried about rising food prices, as well they might be. In a new Rasmussen Reports survey, 65 percent of respondents said they’re “very concerned” about the matter. Fifty percent said they’ve had to cut back on other spending as food prices have claimed a bigger share of their household budgets.
Not that they’re necessarily more eager to strap on the old feedbag, but women are more likely than men to say they’re very concerned about rising food prices (70 percent vs. 58 percent).
Understandably, people with lower incomes are more likely than their upper-income counterparts to share this concern. Even among respondents in the $100,000-plus bracket, though, nearly half (46 percent) expressed it. Moreover, 29 percent said they’ve trimmed back other spending due to food-price rises.