Inflation divide: Wealthy splurge, while poorest pull back

Keywords Economy / Retailers
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5 thoughts on “Inflation divide: Wealthy splurge, while poorest pull back

  1. “from a year or so ago when low-income shoppers, flush with money from the government and buoyed by wage increases, were able to spend more freely” – Define freely. It’s like car shoppers buying gas guzzling SUVs/trucks a few years ago and now complaining about gas prices. Learn from history. Set a budget and actually follow it. Or don’t. It’s your choice.

    1. Because it’s so easy to save and invest when you are low income – and you also have to buy stuff to live.

    2. When I started off in my professional career, I made $10/hour. I was promoted and got $15/hour. EVEN at that rate, I was able to save a portion of my net income in my 401k and in a savings account for Emergencies. This was something ingrained in my at a young age by my parents. Low income individuals CAN save; they just have to figure out where they can save…one less pack of cigarettes/week, one less Big Gulp per week, one less purchased coffee/week. It adds up.

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