"Discounts Surge as Americans Seek Relief from High Prices"

1 min read
Source: NPR
"Discounts Surge as Americans Seek Relief from High Prices"
Photo: NPR
TL;DR Summary

As inflation-weary Americans become more cautious with their spending, retailers like Dollar General, Target, and Walmart are offering more discounts to attract cost-conscious shoppers. Dollar General is seeing an increase in middle- and upper-income customers, though lower-income shoppers are buying fewer items. Consumer spending on goods has slowed, while spending on services remains high, keeping inflation elevated. Personal income growth slightly outpaced spending in April, but credit card debt remains a concern. The Federal Reserve is likely to keep interest rates stable through the summer.

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