Covid-19 afflict families of rich economies with food insecurity
LONDON — Across Europe and North America, the number of people to have gone hungry increased for the first time since the United Nations started collecting data in 2014, reported The Financial Times.
According to the recently published figures, the report said, nearly nine percent of people in Europe and North America were moderately or severely food insecure in 2020, compared with 7.7 percent the
Those suffering from food poverty in wealthy countries are self-employed workers or those on temporary contracts, who are often not covered by insurance-based unemployment and sickness benefit schemes, and those working in the informal economy said the report.
In the United States, food banks were serving 55 percent more people than before the pandemic, according to Feeding America, which runs a nationwide network of food banks.
The report stated that 45 million people experienced food insecurity last year.
“Meanwhile, food price inflation has been becoming more of a concern,” said Craig Gundersen, professor of agricultural and consumer economics at the University of Illinois.
“I’m more concerned about what happens after Covid than during Covid,” he added.
Gundersen maintained that all these stimulus packages lead to inflation which would lead to higher food prices. “Whenever inflation goes up, there is a huge burden on vulnerable households,” he said. (Xinhua)
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