Drooid Logo
Back to today’s briefing

Story perspectives

Low-Income Spending Surges, Narrowing Gap with Rich

8/10/2026

36 4 Full Breakdown

1 of 1

Story summary
  • A PNC report said the spending-growth gap between high- and low-income U.S. households was the narrowest in three years.
  • Bank of America Institute data showed lower-income spending outpaced higher-income spending in June.
  • Consumer spending rose 3.2% in the second quarter while retail sales have risen for months.
  • Catholic Charities Dallas reported serving over 240,000 people and providing more than 15 million meals since summer 2024.