Why rich people are shopping at Walmart
U.S. · BUSINESS
August 16, 20222 min read335 words
Published: August 16, 2022  |  2 min read335 words
August 16, 2022Become smarter in just 5 minutesGet the daily email that makes reading the news actually enjoyable. Stay informed and entertained, for free.When inflation spikes, even high rollers start to consider subbing out Patrón for Cuervo—and that’s good news for businesses ...
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Great Context
Aug 27
A quick analysis of the effects of inflation on consumer behaviour. As mentioned, 'trading down' happens when people trade higher-quality goods for lower-quality ones during rough times. Data from the article shows that this is happening to both spectrums of the income range, rich and not-so-rich folks alike.
Aug 27
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