Executive Brief: Hunger remains a critical issue in the United States, with 47 million Americans experiencing food insecurity, according to the USDA. In Georgia, 1 in 7 people face hunger, highlighting the urgent need for effective solutions.
Open Foresight: How can financial technology be leveraged to enhance food security and support food assistance programs?
Facts: According to the USDA, 47 million Americans are food insecure, and in Georgia, 1 in 7 people go hungry, as reported by the Atlanta Community Food Bank. Nationwide, there are 371 food banks supporting over 60,000 smaller food pantries and meal programs, as per Food Bank News. Additionally, End Hunger in America notes there are 5,000 soup kitchens across the country. Despite these efforts, the number of food assistance locations does not exceed 70,000. The Quick Serve Restaurant (QSR) industry, with its vast network of fast-food outlets, presents an opportunity to address this issue. Prepaid cards, redeemable at these restaurants, have been introduced to aid those in need. At the QSR Evolution Conference on September 2, 2025, in Atlanta, Street Charity co-founders Antuanette and John Patton highlighted the potential of such initiatives. The conference emphasized the role of the QSR industry in combating hunger, with a focus on innovative solutions and partnerships.
Strategic Takeaways:
– Explore partnerships between fintech companies and food assistance programs to streamline aid distribution.
– Develop digital platforms that connect food-insecure individuals with local food resources.
– Encourage the QSR industry to participate in food security initiatives through prepaid card programs.
– Advocate for policy changes that support the integration of fintech solutions in food assistance efforts.
Final Note: *Insight: Financial technology – Google News, original article: [#item_link]; Image credit: OpenForesight visual / Financial technology – Google News.*