At the high end of the spectrum, Nordstrom and Ralph Lauren reported stronger-than-expected sales as their well-heeled shoppers returned to pre-pandemic routines. (File Pic: People walk past Ralph Lauren Corp.'s flagship Polo store on Fifth Avenue in New York City. Reuters)
NEW YORK: 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.
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