Higher Grocery Costs Are Creating a Vicious Cycle of Household Debt

Higher grocery prices have plagued consumers for years, with President Donald Trump’s war in Iran exacerbating the spike in costs over the past several months. But what began with higher prices at the check-out counter has given rise to another worrisome trend: escalating household debt of the kind that can strain the credit of ordinary families, diminish their long-term financial stability—or leave them more vulnerable to future economic shocks. Grocery and restaurant prices have ticked up…