‘Greedflation’ May Be Why Low-Income Americans Are Feeling the Economic Pinch the Most

There’s a growing split between the “have” and the “have-less” classes in America. This split is affecting how middle—and lower-income Americans spend and how they feel about the economy overall. As some experts note, we’re looking at a “two-speed” economy in which rich Americans spend lavishly while those with less means begin to cut back. 

“Things that lower-income consumers need to buy, like food, gas, rent, all those things are up a lot from where they were just a few years ago,” Mark Zandi...