Shoplifting has reached staggering levels as inflation continues to force Americans to pinch pennies and forgo necessities.
Shoplifting increased by 24 percent in the first half of 2024, according to the Council on Criminal Justice’s mid-year report, even as other crime levels decreased.
In many cases, shoplifting is seen as a “crime of necessity” for low-income Americans. As inflation continues to impact both businesses and families, shoplifting rates have surged even higher.
“Shoplifting as such a widespread crime during a time of high inflation is actually quite common when you look at similar times from other countries in the past,” Alex Beene, a financial literacy instructor at the University of Tennessee at Martin, told Newsweek. “The one-two punch that consumers face is not just higher prices, but also a drawback of additional financial resources […]