Retail giant Target announced that the chain will cut prices on thousands of consumer basics this summer. Everything from diapers to milk will see a price cut.
Thanks to Bidenomics, the rate of inflation is still too high and Americans are finding it difficult to pay 2024 prices with 2020 paychecks. 60% of Americans say they live paycheck to paycheck. Everyone feels the pinch, though.
Household budgets have been cut to only the necessities for many families. There may have been a cushion in family budgets during the Trump economy that allowed the occasional impulse purchase or two while shopping for weekly basics but those days are gone.
Target is trying to increase sales by cutting prices. It already has cut prices for about 1,500 items. That number will rise to 5,000 items including food, drinks, and essential household goods. Retailers have to meet the needs of customers who…
