business
Why Companies Are Focusing on Wealthy Customers as Lower-Incoming Spending Drops
Wealthy customers are keeping the economy alive while everyone else pulls back. As prices stay high and debt grows, lower-income shoppers have stopped spending. Companies aren’t waiting around. They are chasing bigger wallets. Lower-income households, earning $50,000 a year or less, aren’t growing their spending anymore. Some are spending even less. Meanwhile, higher-income households, those […]
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