The 'K-shaped economy' has shown up at the gasoline pump
https://finance.yahoo.com/economy/article/the-k-shaped-economy-has-shown-up-at-the-gasoline-pump-172111222.html
Low-income households have seen the lowest increase in nominal gas spending because they have cut down their consumption by the largest margin. Conversely, high-income households have seen the largest jump in spending because they have done the least to reduce their consumption. ...
The same economic movements are holding true now, the analysis said. When energy prices skyrocket, low-income households reduce their consumption, while higher-income households may only slightly moderate their own consumption.
https://finance.yahoo.com/economy/article/the-k-shaped-economy-has-shown-up-at-the-gasoline-pump-172111222.html
Low-income households have seen the lowest increase in nominal gas spending because they have cut down their consumption by the largest margin. Conversely, high-income households have seen the largest jump in spending because they have done the least to reduce their consumption. ...
The same economic movements are holding true now, the analysis said. When energy prices skyrocket, low-income households reduce their consumption, while higher-income households may only slightly moderate their own consumption.
America’s Army of Supercommuters Is Reeling Over High Gas Prices
https://www.wsj.com/economy/consumers/high-gas-prices-wreak-havoc-on-americas-army-of-supercommuters-99ee6cc0
While real estate far from big cities is cheaper, filling up for long drives has become painful.
https://www.wsj.com/economy/consumers/high-gas-prices-wreak-havoc-on-americas-army-of-supercommuters-99ee6cc0
While real estate far from big cities is cheaper, filling up for long drives has become painful.