Americans' grocery bills have become a hot-button issue in the 2024 presidential election. How are lower-income and higher-income consumers expecting to...
Americans' grocery bills have become a hot-button issue in the 2024 presidential election . How are lower-income and higher-income consumers expecting to spend on food over the next year?breaks down data from Bank of America, comparing the two income classes' spending patterns as inflation persists in food prices.In today's chart of the day, we're looking at grocery shopping and what people are expecting to spend at the market.We looked at food at home prices.
Bank of America does a regular survey of consumers and tries to get a sense of what they're planning to spend on and how much they're planning to spend on.This survey of 1000 people from September 9th to the 11th, and one of the things they look at is how much people plan to plan to spend on groceries.And there is this divide between higher and lower income consumers.
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Grocery Bills Presidential Election Bank Of America Spending Patterns Hot-Button Issue
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