From Fortune · Jason Ma · · 1m
Dollar General CEO: $100k earners feel less wealthy amid inflation
Dollar General CEO says high-income shoppers now act like budget-conscious consumers due to rising costs.
In brief
Dollar General CEO says high-income shoppers now act like budget-conscious consumers due to rising costs. Earning $100,000 annually no longer feels like financial security for many Americans amid inflation. Originally reported by Fortune.
Earning $100k feels less secure
Dollar General CEO Todd Vasos says Americans making $100,000 annually now act like lower-income shoppers due to inflation and high gas prices.
“I don’t feel like I’m higher income at $100,000 any longer”
Gas prices hit $4.48
Gasoline costs average $4.48 per gallon, up from $3.19 a year ago, as global oil markets face disruption.
High-income shoppers adapt

Even those earning $100,000 or more use rewards points and credit cards for essentials amid rising costs.
Real poverty line at $140k
A survey suggests the true poverty threshold for families is $140,000, not $100,000, due to current living costs.
Dollar General’s edge
Dollar General’s low prices help customers navigate inflation by offering 2,000 items under $1.
The one thing
Earning $100,000 annually no longer feels like financial security for many Americans amid inflation.




