“We’re seeing negative cash flows in the lower-income brackets where they’re dipping into savings.”
  • NottaLottaOcelot@lemmy.caEnglish
    1·
    1 month ago

    But billionaires aren’t the main consumer base for these brands. They buy boutique appliances and health foods more than they buy sodium laced chipped meat products and mom-and-pop’s favorite dishwasher.