Executives across retail, restaurants and packaged goods are increasingly worried about US shoppers with tighter budgets amid surging gas prices caused by the conflict in the Middle East.
“They’re literally running out of money at the end of the month,” Kraft Heinz Co. Chief Executive Officer Steve Cahillane said in an interview this week. “We’re seeing negative cash flows in the lower-income brackets where they’re dipping into savings.”
DIPPING INTO SAVINGS???! WTF are they smoking?! I don’t know many people with a cushion of savings let alone a comfortable one; especially lately since our pay has stagnated, job market’s trash, and EVERYTHING has risen in price! Who’s got the ability to even attempt to save?!
These idiots are so out of touch. $40 more a month in gas compared to 3 years ago isn’t what’s breaking me. It’s the $800/mo more in rent. It’s the $300/month more in groceries. It’s my electrical bill doubling because of a new AI slopcenter in my backyard. It’s being told by my boss that this quarter’s record profits weren’t record enough to fund a measly 2% raise for me.
But sure, my dude Mr. Kraft CEO. Blame the gas boogeyman.
I wonder how marbled Mr. Cahillaine’s sirloin is? Maybe it would be good with some Heinz 57 sauce.
insurance for some, if you are using ACA soley(assuming your AGI is much higher than what your state will subsidize(pre-covid)) and not from a employer funded health insurance, your cost is also very high.
Executives across retail, restaurants and packaged goods are increasingly worried about US shoppers with tighter budgets amid surging gas prices caused by the conflict in the Middle East.
“They’re literally running out of money at the end of the month,” Kraft Heinz Co. Chief Executive Officer Steve Cahillane said in an interview this week. “We’re seeing negative cash flows in the lower-income brackets where they’re dipping into savings.”
DIPPING INTO SAVINGS???! WTF are they smoking?! I don’t know many people with a cushion of savings let alone a comfortable one; especially lately since our pay has stagnated, job market’s trash, and EVERYTHING has risen in price! Who’s got the ability to even attempt to save?!
Yeah, it’s the surging gas prices. Sure, CEO man.
These idiots are so out of touch. $40 more a month in gas compared to 3 years ago isn’t what’s breaking me. It’s the $800/mo more in rent. It’s the $300/month more in groceries. It’s my electrical bill doubling because of a new AI slopcenter in my backyard. It’s being told by my boss that this quarter’s record profits weren’t record enough to fund a measly 2% raise for me.
But sure, my dude Mr. Kraft CEO. Blame the gas boogeyman.
I wonder how marbled Mr. Cahillaine’s sirloin is? Maybe it would be good with some Heinz 57 sauce.
insurance for some, if you are using ACA soley(assuming your AGI is much higher than what your state will subsidize(pre-covid)) and not from a employer funded health insurance, your cost is also very high.
USA health “care” is so profoundly fucked up.