
Walmart, Bank of America, and TransUnion are all indicating growing financial stress among U.S. consumers due to high energy costs and inflation. Walmart reports customers buying less fuel per visit, Bank of America notes lower and middle-income households pulling back on discretionary spending, and TransUnion observes that lower-income consumers are struggling more with debt. The article highlights that rising costs for food, housing, and energy have significantly eroded purchasing power, suggesting assets like gold and real estate as inflation hedges.
Foreign Policy Journal
Original source
bank of america
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