Inflation Drives Wealthy Americans to Shop at Walmart

Inflation has become such a problem that high-income-class Americans have begun opting for shopping items at destinations like Walmart.Walmart’s reputation as a discounter is attracting more upper- and middle-class consumers to its stores, said John David Rainey, the company’s chief financial officer, in a recent interview with CNBC. Budget-strapped consumers are “trading down” in terms of quantity and quality purchases. For instance, they are buying items like beans and cann …

U.S. National Debt

The current U.S. national debt: