The Human Cost: ‘I want them to go to sleep with full stomachs’: One mother tells MarketWatch how inflation upended her family’s mealtime

by | Oct 15, 2022 | Stock Market

Stephanie Lane no longer makes big family dinners.  Lane, 44, lives with her husband, an art director, and four children in Harrisburg, Pa. A few years back, Lane quit her job as a nurse to take care of her kids, including one child who has a disability. The family now lives on her husband’s income.

Making ends meet has become more difficult as prices have surged, she said, with their household of six living on $65,000 a year. With the yearly rate of inflation at 8.3% in August, every single dollar counts. Families with children are now in “survival mode,” Lane said.  “Rising food costs almost ruined the idea of the family dinner,” Lane told MarketWatch. “You can’t just go out and buy these massive amounts of ingredients — those big chickens and turkeys, and big meat loaves. All of the fixings. The cost of it is just too much.” With inflation at a 40-year high, households are cutting back. Food inflation hit 11.2% in September, as supply-chain disruptions and labor shortages take their toll. In September, overall inflation rose by 8.2% on the year, down slightly from 8.3% the previous month, the Bureau of Labor Statistics said Thursday.

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