Starbucks (SBUX), McDonald's (MCD), and Tyson Foods (TSN) have all recently cautioned that low-income consumers are pulling back on spending and balking at high prices.
It’s no wonder why: As personal savings have plummeted, credit card debt has skyrocketed...
In fact, total household debt rose by $184 billion in the first quarter of 2024, reaching $17.69 trillion.
The low-income consumer is in serious trouble. And the middle class is starting to feel the pain, too.
Derby City
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