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Soaring inflation divides spending for haves and have-nots
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In this image provided by the Northern Illinois Food Bank, Kisha Galvan and her grandchildren, pose for a photo after stocking up on food items from the Northern Illinois Food Bank on May 26, 2022, in Rockford, Ill. Galvan was able to stock up on groceries for the week and buy extras like clothing and shoes at Walmart for her children last year. - photo by Haley Overbeek/Northern Illinois Food Bank via AP
NEW YORK (AP) — Americans at the low end of the income rung are once again struggling to make ends meet. A confluence of factors — the expiration of federal stimulus checks and surging inflation on staples like gas and food — are driving an even bigger wedge between the haves and have-nots. While wealthier shoppers continue to splurge, low-income shoppers have pulled back faster than expected in the past two months.