More young, middle-class Americans flock to dollar stores, seeking a refuge from inflation
Higher-income Americans are turning their attention to dollar stores in an effort to cut back on their spending as record-high inflation continues to put pressure on their wallets. But these customers are also younger, and hungry for a bargain.
Most of this new influx of customers are making $50,000 to $75,000 a year, and some make up to $100,000 a year, he told investors. The core Dollar General customer typically has an annual household income of $40,000, Vasos said last year. Middle-income customers feel the pinch Still, both Dollar General and Dollar Tree said Americans are looking for bargains. Inflation has soared over the past year, hitting 8.5% on the year in July. Although the recent dips in energy prices have given consumers some relief, grocery prices continued to grow by 13.1% in July compared to last year.
— Pew Research Center Middle-income or middle-class households are a varied bunch: They cover an annual income of $52,000 to $156,000 in 2020, according to this definition in a recent Pew Research Center report. The range is approximately two-thirds to twice the national median income.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Sterling, euro slide as dollar marches higher By Reuters⚠️BREAKING: *U.S. DOLLAR JUMPS, YEN TUMBLES TO 24-YEAR LOW AS FED RATE HIKE BETS SURGE - $USD $JPY
Weiterlesen »
![Inflation is Taking a Toll on The Dollar [Infographic] | HackerNoon](https://i.headtopics.com/images/2022/9/2/hackernoon/inflation-is-taking-a-toll-on-the-dollar-infographic-hackernoon-1565507310075760642.webp?w=640)
Inflation is Taking a Toll on The Dollar [Infographic] | HackerNoonA look at the impacts of inflation as well as how gold is often a hedge against inflationary measures.
Weiterlesen »
US Dollar Soars as Economic Resilience Gives Fed No Reason to Pivot, NFP EyedU.S. dollar, as measured by the DXY index, surges to its best level since June 2022. Better-than-expected U.S. economic data bolsters yields and fuels the greenback’s rally. The U.S. labor market report will steal the limelight on Friday .
Weiterlesen »
US Dollar May Continue its Rise Against the Chinese Yuan Amid Lingering Economic WoesThe US Dollar might resume its push higher against the Chinese Yuan. The divergence between the Fed and PBOC, as well as worsening domestic economic woes, offer USD/CNH upside potential. Get your market update from ddubrovskyFX here:
Weiterlesen »
TPD: Homicide outside of Family DollarThe Tucson Police Department responded to reports of disturbance leading to a homicide near Park Avenue on Aug. 31. The incident took place at the parking lot of Family Dollar
Weiterlesen »