Walmart, the retail giant, is facing a troubling situation as prices skyrocket and the middle class struggles to keep up. Grocery bills have surged by a staggering 27.2% in just a year, pushing average Americans away from their once-beloved shopping haven. CEO Doug McMillion confirms that a whopping 75% of Walmart’s new customers now earn over $100,000 per year, indicating a shift away from the middle class. Rising inflation in food prices is driving low and middle-income shoppers to seek value elsewhere, with discount chains witnessing a surge in sales. The middle class, already grappling with stagnant wages and shrinking opportunities, feels the pinch as Walmart seemingly focuses on higher-income shoppers. This grim reality highlights the potential collapse of the American middle class.
Walmart’s Soaring Prices: Middle-Class Struggle and the Fall of American Shopping
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Next News Network Team
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