More people are turning to the popular fundraising website GoFundMe for help with basic necessities like groceries, rent and utility bills, according to the platform's CEO.

Tim Cadogan said Monday on the Opening Bid Unfiltered podcast that users are increasingly seeking assistance for essential needs including car payments and other bills.

"We're seeing that more and more," Cadogan said.

The trend extends beyond the United States to many Organisation for Economic Co-operation and Development countries, which include much of North America, Western Europe and East Asia, according to Cadogan.

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This pattern has increased over the last three years, even as inflation figures have eased

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