Lower-income consumers struggle with high inflation and interest rates, potentially affecting economy resilience.

Amidst a seemingly healthy economy, lower-income spenders are struggling due to high inflation and higher interest rates. This strain on lower-income consumers could be the first crack in the economy as resilient spending by U.S. households has been a major factor preventing a recession. Consumer goods giants such as PepsiCo and Kraft Heinz report that their lower-income customers are feeling the impact of rising costs and more expensive credit-card payments.

May 09, 2024
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