The lives of the rich & wealthy haven’t changed much since the pandemic began. As stock and real estate prices continue to hit all-time highs, the ability to buy a new car, some new shoes or even a good meal has never been easier.
The opposite is true for the rest of the population. Not only have businesses been hurt by the effects of the pandemic but some individuals are having such a rough time that they are heading to food banks to make ends meet.
Over the past weekend, the North Texas Food Bank handed out over 600,000 pounds of food to people in need. It is being described as the “largest ever” food giveaway with thousands of people in line waiting for something to eat.
A spokesperson for the NTFB told reporters “forty percent of the folks coming through our partners’ doors are doing so for the first time.” This data shows to what extent the pandemic has eaten away at the average citizens ability to get by. It has also been said that given these numbers, it’s very possible that there could be a nationwide “meal shortage” in the next 12 months.
Stay Safe Everyone.
I am not a financial advisor and my comments should never be taken as financial advice. Investments come with risk, so always do your research and analysis beforehand.