Shocking Number Of New Yorkers Need Loans To Afford Groceries

A growing number of New Yorkers are struggling to buy their groceries.

This new data is from Lending Tree.

Lending Tree Poll Finds Financing Groceries On The Rise

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Lending Tree polled 2,000 consumers ages 18 to 79. 25 percent say they are forced to use loans to buy groceries.

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That's up from 14 percent just last year. Inflation and rising prices at the supermarket are to blame.

About 50 percent say they've had to use buy now, pay later services like Affirm or Klarna to help cover the cost of food.

Of the buy now, pay later users, nearly half said they made late payments on a buy now, pay later loan in the past year. That's up seven percent from 2024.

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Around 25 percent say they've had three or more active buy now, pay later loans at the same time.

Did You Know? 20-Hour Rule Now A Law In New York State

To help some New Yorkers save money, New York State lawmakers just announced the state's first-ever "Inflation Rebate Check." Nearly 10 million New Yorkers are expected to receive one. CLICK HERE to find out more.

Keep Reading: Costco To Replace Ghost Neighborhood In Upstate New York

The Inflation Rebate Check is part of the $254 billion New York State budget.

Need to save money? Find out 25 ways you can start saving right now.

LOOK: Here are 25 ways you could start saving money today

These money-saving tips—from finding discounts to simple changes to your daily habits—can come in handy whether you have a specific savings goal, want to stash away cash for retirement, or just want to pinch pennies. It’s never too late to be more financially savvy. Read on to learn more about how you can start saving now. [From: 25 ways you could be saving money today]

Gallery Credit: Bethany Adams