Why Wal-Mart Shoppers Are Having Gas Pains

Earlier this week, the CEO of Wal-Mart warned that his customers were experiencing significant financial hardship.

He specifically cited rising gasoline prices.

Why his customers in particular?

This chart showing percentage of income spent on gas — broken down by income group — makes it pretty clear.


Photo: Nomura

Business Insider Emails & Alerts

Site highlights each day to your inbox.

Follow Business Insider Australia on Facebook, Twitter, LinkedIn, and Instagram.