U.S. Dollar Store empire: Making $20 billion a year one dollar at a time on broke Americans. 8,000+ dollar stores blanket the U.S.
Most people have been to a Starbucks and readily admit it, even if they never go back. Many people have been to dollar stores but rarely admit this. Dollar stores are doing exceptionally well with over 8,000 stores in the United States with revenues well above $20 billion a year. Their target audience is working […]
Wal-Mart, the mega retailer has over 5,000 stores in the United States. We tend to think of Wal-Mart as the low price leader crushing prices to their rock bottom level by cutting costs at every corner. However, there is an even lower cost option and many working class Americans are turning to these stores. Dollar […]
When working leads to food stamp usage and the rise of dollar stores: Food stamp usage is still near record levels even in the face of a dropping unemployment rate.
Food stamp usage surges when the economy enters into a recession. That is no surprise. In fact, this is the design of the program. A safety net when things get bad. But if we are to believe headline indicators, the economy is improving so we should see food stamp usage decline substantially. It has not. […]
Dollar Store Nation: Largest percentage of Americans on food stamps while stock market disconnects from working class Americans.
While the stock market whipsaws like a rollercoaster, many Americans only see one tiny benefit to their bottom line. The massive drop in oil prices will add a few extra dollars into the wallets of Americans just in time for the holiday shopping season. Many will only have the budget to shop at dollar stores […]
When a dollar store is too expensive: Growing class of poor Americans unable to afford items at dollar stores.
You know things are tough when people face a challenge purchasing goods at dollar stores. The dollar store economy has been robust for the last decade as the US economy has shed the weight of millions of middle class families. As more people move down the economic ladder, these stores hit a critical niche. I […]
The difference between investing in the dollar store economy and living in it: 20 percent of Americans now receiving food stamps. Dollar stores become a growth industry and top one percent gobble up all income gains after recession.
Lost in the tireless cheerleading for the stock market which in reality, is largely a sophisticated sham for most Americans, we had a report from the Department of Agriculture that should put things into perspective. In the latest release of data for November 2012 (released in February 2013), the report noted that 141,067 Americans were […]
Dollar stores in million dollar neighborhoods. 99 Cents Store looking at Beverly Hills location in rise of the low-wage and high-wage economy. 1 out of 4 working Americans in low-wage work.
Whenever a jobs report comes out I always ask what kind of jobs are being added. There is a wide gap between skilled and unskilled labor building in this economy. Those without the skills for select fields are being left behind to pickup jobs in the growing low-wage service sector. It used to be the […]