Yup, kids, it's true... "Bidenomics" is such a FLOP that even six - figure earners are going to Dollar Tree these daze...!!!

Dollar Tree Raising Some Prices to $7 as 6-Figure Earners Flock to the Discount Store

https://finance.yahoo.com/news/dollar-tree-raising-prices-7-201647729.html

"Dollar Tree is raising its prices again to $7, up from the $5 price ceiling set in June...

In the company’s most recent earnings call, executive chairman and CEO Rick Dreiling said the increase was part of Dollar Tree’s “multi-price point strategy” to offer shoppers a more “relevant assortment,” Business Insider reported. He also noted that most of Dollar Tree’s new shoppers in 2023 came from households earning more than $125,000 per year.

“This year, across 3,000 stores, we expect to expand our multi-price assortment by over 300 items at price points ranging from $1.50 to $7,” Dreiling said.

Higher-priced items will include food, snacks, beverages, pet care, personal care and more. Despite the increase, Dreiling said the “vast majority” of Dollar Tree’s products will remain at the entry price of $1.25.

As prices for food and other household goods increase, more high earners are shopping at discount retailers, including Dollar Tree, Aldi and Five Below.

InMarket, which tracks retailer foot traffic, measured a 4% average increase in dollar store visits last year among those making more than $100,000, compared with the second half of 2022, according to The Wall Street Journal. Daily surveys from Morning Consult of about 50,000 Americans revealed that households with six-figure incomes were 15% more likely last year to say they would shop at dollar stores than they were in June 2022, going from 39% to 45%.

Wealthy Americans have viewed discount stores as “not for them,” Michael Liersch, head of advice and planning at Wells Fargo, told The Wall Street Journal. But not anymore. “These days, it’s about making the most of your money and not getting ripped off,” Liersch said..."

On Wed, 27 Mar 2024, GM wrote:

> Yup, kids, it's true... "Bidenomics" is such a FLOP that even six - figure
> earners are going to Dollar Tree these daze...!!!
>
> Dollar Tree Raising Some Prices to $7 as 6-Figure Earners Flock to the
> Discount Store
>
> https://finance.yahoo.com/news/dollar-tree-raising-prices-7-201647729.html
>
> "Dollar Tree is raising its prices again to $7, up from the $5 price ceiling
> set in June...
>
> In the company’s most recent earnings call, executive chairman and CEO Rick
> Dreiling said the increase was part of Dollar Tree’s “multi-price point
> strategy” to offer shoppers a more “relevant assortment,” Business Insider
> reported. He also noted that most of Dollar Tree’s new shoppers in 2023 came
> from households earning more than $125,000 per year.
>
> “This year, across 3,000 stores, we expect to expand our multi-price
> assortment by over 300 items at price points ranging from $1.50 to $7,”
> Dreiling said.
>
> Higher-priced items will include food, snacks, beverages, pet care, personal
> care and more. Despite the increase, Dreiling said the “vast majority” of
> Dollar Tree’s products will remain at the entry price of $1.25.
>
> As prices for food and other household goods increase, more high earners are
> shopping at discount retailers, including Dollar Tree, Aldi and Five Below.
>
> InMarket, which tracks retailer foot traffic, measured a 4% average increase
> in dollar store visits last year among those making more than $100,000,
> compared with the second half of 2022, according to The Wall Street Journal.
> Daily surveys from Morning Consult of about 50,000 Americans revealed that
> households with six-figure incomes were 15% more likely last year to say they
> would shop at dollar stores than they were in June 2022, going from 39% to
> 45%.
>
> Wealthy Americans have viewed discount stores as “not for them,” Michael
> Liersch, head of advice and planning at Wells Fargo, told The Wall Street
> Journal. But not anymore. “These days, it’s about making the most of your
> money and not getting ripped off,” Liersch said..."
>

Wow, had no idea it was that bad! =( Here in the EU where I live we've had
some smooth 10%+ inflation, but that's to be expected where socialism
reigns supreme. Didn't think it was that bad in the US.

D wrote:

> On Wed, 27 Mar 2024, GM wrote:

>> Yup, kids, it's true... "Bidenomics" is such a FLOP that even six - figure
>> earners are going to Dollar Tree these daze...!!!
>>
>> Dollar Tree Raising Some Prices to $7 as 6-Figure Earners Flock to the
>> Discount Store
>>
>> https://finance.yahoo.com/news/dollar-tree-raising-prices-7-201647729.html
>>
>> "Dollar Tree is raising its prices again to $7, up from the $5 price ceiling
>> set in June...
>>
>> In the company’s most recent earnings call, executive chairman and CEO Rick
>> Dreiling said the increase was part of Dollar Tree’s “multi-price point
>> strategy” to offer shoppers a more “relevant assortment,” Business Insider
>> reported. He also noted that most of Dollar Tree’s new shoppers in 2023 came
>> from households earning more than $125,000 per year.
>>
>> “This year, across 3,000 stores, we expect to expand our multi-price
>> assortment by over 300 items at price points ranging from $1.50 to $7,”
>> Dreiling said.
>>
>> Higher-priced items will include food, snacks, beverages, pet care, personal
>> care and more. Despite the increase, Dreiling said the “vast majority” of
>> Dollar Tree’s products will remain at the entry price of $1.25.
>>
>> As prices for food and other household goods increase, more high earners are
>> shopping at discount retailers, including Dollar Tree, Aldi and Five Below.
>>
>> InMarket, which tracks retailer foot traffic, measured a 4% average increase
>> in dollar store visits last year among those making more than $100,000,
>> compared with the second half of 2022, according to The Wall Street Journal.
>> Daily surveys from Morning Consult of about 50,000 Americans revealed that
>> households with six-figure incomes were 15% more likely last year to say they
>> would shop at dollar stores than they were in June 2022, going from 39% to
>> 45%.
>>
>> Wealthy Americans have viewed discount stores as “not for them,” Michael
>> Liersch, head of advice and planning at Wells Fargo, told The Wall Street
>> Journal. But not anymore. “These days, it’s about making the most of your
>> money and not getting ripped off,” Liersch said..."
>>

> Wow, had no idea it was that bad! =( Here in the EU where I live we've had
> some smooth 10%+ inflation, but that's to be expected where socialism
> reigns supreme. Didn't think it was that bad in the US.

"Bidenomics" has been a disaster... still *another* reason why President Trump is surging in populariity...

Bidenomics Spin vs. Economic Reality

https://www.nationalreview.com/2023/07/bidenomics-spin-vs-economic-reality/

By ANDY PUZDER
July 5, 2023 6:30 AM

Americans, particularly working- and middle-class Americans, are poorer today than they were during the Trump administration.

"President Biden is on a “Bidenomics” tour, trumpeting what he claims are his administration’s economic gains. His effort comes as no surprise. In the RealClearPolitics average of the polls, only about 38 percent of Americans approve of Biden’s job on the economy. To date, the Biden administration’s efforts to convince Americans otherwise have fallen way short of the mark. The problems lie not with Biden’s rhetoric but rather with his policies — and economic reality...

The annual inflation rate when Biden took office was 1.4 percent. In May, it was 4 percent, or nearly three times the rate he inherited and still double the Federal Reserve’s 2 percent target rate. Here’s an actual fact: “Under the Biden Harris Administration Inflation Has Risen.”...

In fact, since Biden took office, inflation has increased by about 16 percent. If inflation slowed to zero through the rest of Biden’s presidency, that would still be the largest increase for any four-year presidential term since the 1980s — a fact that somehow didn’t make it into the Biden video...

The Biden video’s final claim is that, “Wages are up, accounting for inflation, that’s real breathing room.” On its face, this claim is also not true. When Biden took office in January of 2021, real average hourly earnings — that is average hourly earnings adjusted for inflation — were $11.39. As of May 2023, that number had declined to $11.03. That simply doesn’t feel like breathing room for most Americans...

Inflation is a regressive tax that hurts families more the less money they have. The fact is that Americans, particularly working- and middle-class Americans, are poorer today than they were during the Trump administration, and Biden’s approval rating on the economy reflects that reality. Bidenomics — more accurately “Spin-enomics” — is an effort to convince them otherwise, asking them to ignore their eyes and wallets. It’s a tough sell..."

</>

On Wed, 27 Mar 2024, GM wrote:

>> Wow, had no idea it was that bad! =( Here in the EU where I live we've had
>> some smooth 10%+ inflation, but that's to be expected where socialism
>> reigns supreme. Didn't think it was that bad in the US.
>
> "Bidenomics" has been a disaster... still *another* reason why President
> Trump is surging in populariity...
>
> Bidenomics Spin vs. Economic Reality
>
> https://www.nationalreview.com/2023/07/bidenomics-spin-vs-economic-reality/
....
>

Oh wow, worse than I thought. Surely there can be no doubt now that
Trump will win. =) It is sad though that that level of financial
mismanagement is necessary before the public wakes up.