gas and food

Home heating bills are expected to soar this winter and Americans, already struggling with high gas and food prices, are bracing for more financial hardship.

AP - Americans faced with high gas and food prices focused even more on necessities and shunned clothing purchases in July, resulting in solid gains for discounters and sluggish sales for mall-based apparel stores.

Austin food banks are struggling to meet a rising demand that comes from rising gas and food prices.

Warren Buffett knows a thing or two about money, so when he says we’re entering a bad recession, there’s reason to pay attention.

Buffett said:

[M]y general feeling is that the recession will be longer and deeper than most people think.

This will not be short and shallow. I think consumers are feeling gas and food prices and not feeling they’ve got a lot of money for other things.

Many American families are already digging deep to pay for gas and food. Now they can add toys to the list of products they will be paying more for in 2008.

As American families face the double whammy of higher gas and food prices, moms nationwide are resorting to considerable ingenuity to stretch their monthly grocery budget.

Not only that, gift cards are being used to buy basic goods, not luxury items.

Hello recession…

WASHINGTON - Here’s a sign of how shaky the economy has become: Wal-Mart says its shoppers are redeeming their holiday gift cards for basic items — pasta sauce, diapers, laundry detergent — instead of iPods or DVDs.