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The safety net that held through the financial crisis and the pandemic is showing new stress.
A Federal Reserve survey has found that food banks and affordable-housing providers across the United States are scrambling to keep up with demand, and one Dallas food bank has told the central bank that requests for assistance have now overtaken the peaks recorded during both of those earlier emergencies.
What the Federal Reserve survey captured The survey gathered testimony from social-service providers absorbing the fallout from sustained inflationary pressure on low-income households.
That the Federal Reserve is the entity documenting this strain is worth noting.
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