'Bracing for Higher Prices': Economy Looks Bleak for Lower-Earning Americans Report Says

Americans 'bracing for higher prices' as Trump economy turns bleak: report

The economy looks "bleak," as Americans spend down their savings — to the lowest rate in years, according to Axios. Lower-earning Americans are the hardest hit, and are increasingly strapped for cash."They're literally running out of money at the end of the month," Kraft Heinz CEO Steve Cahillane told Bloomberg last week. "We're seeing negative cash flows in the lower-income brackets where they're dipping into savings."Some CEOs have "warned tha…

'Bracing for Higher Prices': Economy Looks Bleak for Lower-Earning Americans Report Says

The economy looks “bleak,” as Americans spend down their savings — to the lowest rate in years, according to Axios. Lower-earning Americans are the hardest hit, and are increasingly strapped for cash. “They’re literally running out of money at the end of the month,” Kraft Heinz CEO Steve Cahillane told Bloomberg last week. “We’re seeing negative cash flows in the lower-income brackets where they’re dipping into savings.” Some CEOs have “warned t…

Kraft Heinz CEO: “Consumers Are Literally Running Out Of Money Toward The End Of The Month”

Kraft Heinz CEO: “Consumers Are Literally Running Out Of Money Toward The End Of The Month” While the digital US economy, if proxied through the earnings growth and stock prices of AI companies and their “picks and shovels” support ecosystem, has never been stronger, the traditional US consumer, responsible for 70% of US GDP, has rarely been more depressed than right now (and according to the latest University of Michigan sentiment survey, Amer…