Retailers have blamed the weather, slow job growth and millennials for their poor results this past year, but a new study claims that more than 20 percent of Americans are simply too poor to shop.
These 26 million Americans are juggling two to three jobs, earning just around $27,000 a year and supporting two to four children — and exist largely under the radar, according to America’s Research Group, which has been tracking consumer shopping trends since 1979.
“The poorest Americans have stopped shopping, except for necessities,” said Britt Beemer, chairman of ARG.
Source: A staggering percentage of Americans are too poor to shop | New York Post
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