High inflation and high interest rates are hurting low-income customers
epa11330290 A person shops for groceries at an independent food market in Los Angeles, California, USA, 09 May 2024. Even though recent numbers show a healthy economy overall, lower-income spenders are struggling to afford groceries and necessities due to higher prices. Businesses such as PepsiCo, McDonalds, Walmart, Kraft Heinz, and others have said the combination of high inflation and higher interest rates are hurting their lower-income customers. EPA/ALLISON DINNER
