While low-income consumers struggle with rising gas prices, high-income earners panic when markets drop

While low-income consumers struggle with rising gas prices, high-income earners panic when markets drop

High oil prices due to the US-Iran war are straining already strapped low-income consumers. But as rates fall, there is a sign that high earners are also starting to feel the heat. Internal data from Bank of America on credit and debit card usage revealed that from the start of the war through March 21, … Read more

2 charts show how the highest and lowest earners spend their money

Madison Hoff's face is blue-green

It can be expensive to keep the gas tank full, pay the bills, and decide what to make for dinner. Those and other costs add up over the course of a year, especially for low-income Americans. The Bureau of Labor Statistics publishes annual employment data, with the latest projections taking employment through 2024. Business Insider … Read more