Americans Spending Less on Groceries

“Grocery shoppers are cutting back on spending, data show, a sign that Americans are hurting for cash as the federal unemployment stimulus remains on hold for most recipients,” the Wall Street Journal reports.

“The emerging shift in food spending comes after the $600 in weekly additional unemployment checks expired in July. … While consumer spending rebounded between May and July following a plunge earlier in the spring, analysts say that a broader pullback on grocery spending could mean lower sales for more discretionary items such as clothes and cars.”