πŸ“ˆ TKer by Sam Ro

πŸ“ˆ TKer by Sam Ro

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πŸ“ˆ TKer by Sam Ro
πŸ“ˆ TKer by Sam Ro
Rich folks are cutting back πŸ’Έ
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Rich folks are cutting back πŸ’Έ

What Walmart sales and Rolex prices reveal ⏱

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Sam Ro, CFA
Aug 28, 2022
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πŸ“ˆ TKer by Sam Ro
πŸ“ˆ TKer by Sam Ro
Rich folks are cutting back πŸ’Έ
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Rolex Daytona (Source: Getty Images)

You might expect high-income households to fare relatively well during challenging economic periods. But they too are changing the way they spend as inflation eats away at purchasing power.

Consider this anecdote about Walmart evolving customer mix (via CNBC):

More high-income consumers, penny-pinching

Some of Walmart’s …

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