Groceries

A cream and green heating oil delivery tanker truck parked on a residential street in front of brick apartment buildings.

Moody's Zandi Puts the Iran War's Cost at Almost $2,000 a Household. Only $1,100 Is Energy, and Diesel Is Still 74 Per Cent Above Last Year.

Mark Zandi, chief economist at Moody's Analytics, estimates the war with Iran has cost the average U.S. household almost $2,000: $1,100 in energy, $540 in interest rates and $360 in military costs. AAA put regular gasoline at $4.30 and diesel at $6.32 a gallon on Sunday 18 October.

By Daniel Okafor 8 hours ago

A close-up of a customer making a contactless payment with a blue card using the SumUp Solo card reader. In the background, a larger point of sale (POS) system is visible, emphasizing the versatility and modern design of SumUp's payment solutions. The scene reflects a sleek and efficient checkout process ideal for small businesses, beauty salons, cafes, or retail environments.

Money

Groceries Go on the Card. The Card Payment Comes Out of Groceries.

In a survey of two thousand people already carrying at least ten thousand dollars in unsecured debt, two-thirds had put food on a credit card in the past year — more than any other purchase. Seven in ten said the balance came from ordinary spending rather than anything they chose.

By Margaret Holloway September 2, 2026

Groceries

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Moody's Zandi Puts the Iran War's Cost at Almost $2,000 a Household. Only $1,100 Is Energy, and Diesel Is Still 74 Per Cent Above Last Year.

Groceries Go on the Card. The Card Payment Comes Out of Groceries.