The Federal Reserve Bank of New York released an analysis Wednesday showing a significant increase in food insecurity among American households since 2020, with economists describing the trend as "remarkable."

The study found that rising economic strains have particularly affected lower-educated and lower-income households, as well as families with young children. The analysis indicates these groups have increasingly struggled to afford adequate food over the past several years.

The food insecurity findings come amid broader economic pressures facing American families. US mortgage rates have risen to a nine-month high, further worsening housing affordability for potential homebuyers and adding to household financial stress.

The New York Fed's research highlights what economists are calling a "K-shaped economy," where different segments of the population experience divergent economic outcomes. While some households have maintained or improved their financial position, others have faced mounting challenges in meeting basic needs.

The timing of the increased food insecurity, beginning around 2020, coincides with the COVID-19 pandemic and subsequent economic disruptions. The analysis suggests that despite overall economic recovery measures, certain vulnerable populations continue to face significant hardships in accessing sufficient food.

The Federal Reserve Bank's findings provide new data on household economic conditions as policymakers continue to monitor inflation, employment, and other economic indicators affecting American families.