Close Menu

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    Creator Lighting Can Make Average Videos Look Sharper Fast

    Argentina-Cape Verde Is The Most College Football-Esque Matchup Of The World Cup

    Singapore bank stocks are at record highs. Should you buy, hold or sell?

    Facebook X (Twitter) Instagram
    Facebook X (Twitter) Instagram Pinterest VKontakte
    Sg Latest NewsSg Latest News
    • Home
    • Politics
    • Business
    • Technology
    • Entertainment
    • Health
    • Sports
    Sg Latest NewsSg Latest News
    Home»Business»More Americans report shoplifting as inflation climbs, survey finds
    Business

    More Americans report shoplifting as inflation climbs, survey finds

    AdminBy AdminNo Comments2 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email
    Share
    Facebook Twitter LinkedIn Pinterest Email


    Thirty percent of Americans say they’ve shoplifted this year, up from 24% in 2024, with many citing financial strain tied to inflation, according to new research from financial site LendingTree.

    About 90% of those who admitted to shoplifting cited affordability concerns and the broader economy as among the drivers of their thefts, according to the LendingTree study, which surveyed 2,000 people in early June.

    Inflation has accelerated this year, largely because the Iran war has sent oil and gasoline prices sharply higher. LendingTree said respondents who reported stealing were often taking necessities rather than discretionary items.

    “These findings show how deeply inflation and financial stress continue to affect many households,” Matt Schulz, LendingTree’s chief consumer finance analyst, said in a statement. “When people are willing to risk the consequences of shoplifting for basics like food and personal hygiene products, it’s an unmistakable sign that many families are struggling mightily just to make ends meet.”

    What are people stealing?

    Americans are shoplifting everyday essentials, with food and nonalcoholic drinks ranking as the most popular items to steal, the study found. 

    Clothing and personal hygiene products were the second- and third-most popular items chosen by shoplifters, according to LendingTree. 

    Consumers also reported stealing toys, technology and electronics, as well as school supplies. 

    Where are they stealing from?

    Those who admitted to shoplifting said they were slightly more inclined to steal from a major retailer than from an independent shop. 

    “Chain stores may be targeted more often because they’re more accessible, offer greater anonymity and tend to attract more shoppers,” Schulz said. “Large retailers often have heavy foot traffic, expansive layouts, self-checkout lanes and a wide selection of everyday essentials, making it easier for someone to blend in.”

    When asked which retailers were easiest to shoplift from, respondents most frequently identified Walmart, with 47% naming the retailer. Family Dollar was ranked second, followed by Amazon Fresh and Kroger.

    What are the risks?

    To be sure, there are tremendous risks to turning to shoplifting.

    “Shoplifting may feel like a way to solve an immediate cash-flow problem, but getting caught can create a much bigger one,” Schulz said. “It can lead to short-term financial costs, including fines and legal fees, as well as longer-term consequences, such as making it harder to get a job or rent an apartment.”

    Edited by

    Aimee Picchi

    More from CBS News

    Go deeper with The Free Press

    In:

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Admin
    • Website

    Related Posts

    Novo Nordisk sues Eli Lilly over “maliciously and deceptively false” GLP-1 ads

    GovTech layoffs: Is the ‘iron rice bowl’ shattered?

    UK’s Burnham targets lower energy bills in first move as PM

    Asean’s top diplomats meet, voice ‘serious concern’ over Middle East hostilities

    Add A Comment
    Leave A Reply Cancel Reply

    Editors Picks

    Most Impressive Team Streaks Of The 21st Century: Where Does 2024-26 Spain Rank?

    NBC’s ‘Stumble’ is a mockumentary about a cheer team with plenty of tumbling runs and heart

    Xiaomi shares post worst week in 3½ years as accidents stoke EV safety concerns

    Judge reverses Trump administration’s cuts of billions of dollars to Harvard University

    Top Reviews
    9.1

    Review: Mi 10 Mobile with Qualcomm Snapdragon 870 Mobile Platform

    By Admin
    8.9

    Comparison of Mobile Phone Providers: 4G Connectivity & Speed

    By Admin
    8.9

    Which LED Lights for Nail Salon Safe? Comparison of Major Brands

    By Admin
    Sg Latest News
    Facebook X (Twitter) Instagram Pinterest Vimeo YouTube
    • Get In Touch
    © 2026 SglatestNews. All rights reserved.

    Type above and press Enter to search. Press Esc to cancel.