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Inflation Causes Surge in GoFundMe Campaigns Focused on Basic Living Expenses
According to a recent report by GoFundMe, the top reason behind the launch of fundraising campaigns on their platform in 2024 is a stark reflection of the economic struggles faced by millions of Americans. The report reveals that the number of campaigns created this year to cover the cost of rent, food, and other essential expenses quadrupled compared to 2023.
The surge in GoFundMe campaigns focused on basic living expenses highlights the severe impact of inflation on individuals and families across the country. This phenomenon underscores the gaps where public programs have failed to provide sufficient support for Americans’ fundamental needs.
While some campaigns may have been driven by desires or wants, such as Taylor Swift fans raising money to buy concert tickets or fund a wedding, the majority of fundraisers on GoFundMe in 2024 centered around the struggle to make ends meet due to rising prices.
Source: www.cbsnews.com
