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A Huge Number Of Americans Are Still Short On Baby Formula, Nearly One Year After Crisis Began
(Daily Caller) The nationwide baby formula shortage may have faded from the news in recent months, but millions of Americans are still feeling its effects.
About one-third of households with infants struggled to get formula in the past month, according to the Census Bureau’s Household Pulse Survey conducted in mid-September. Close to 20% of households had less than one week’s worth of formula available at the time of the survey.
The shortage disproportionately impacted poor and working-class families. Households with an income of under $75,000 were twice as likely to report troubles finding formula than those making above $75,000. About 18% of powdered formula was out of stock in September, down from a high of 30% in July, according to market research firm IRI.
IRI reported that typical out-of-stock rates for food sit around 5% and that anything exceeding 10% is problematic…
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