‘I can't even afford to buy a cart of groceries': Spiraling inflation leaves some grocery workers struggling [CNBC]
Walmart Inc. (WMT)
Last walmart inc. earnings: 2/18 06:00 am
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Source: CNBC
After 12 years with the company, Hughes makes $12.85 an hour as a full-time employee, which leaves about $200 every two weeks after monthly rent and utilities to cover essentials and food for herself and her three kids. “Food — it's stressful,” said Hughes, 47, of Malvern, Arkansas. “I think all day: ‘What am I going to buy when I get off [work] that I can afford? What am I going to get?' It's just hard.” As prices have skyrocketed because of pandemic-driven price inflation, Hughes has found that her grocery budget has essentially dropped to zero, leaving fast food as the only affordable option to survive. The cost per pound of ground beef, for example, rose by about 19 percent nationwide from January to October, according to the Bureau of Labor Statistics, or BLS. But the last time Hughes got a raise was last year, when Walmart bumped her hourly pay by $1, which amounts to about an 8 percent increase. Walmart's new wage increases, introduced in September, put her at just 85 cents a
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WMT
Earnings
- 2/20/24 - Beat
WMT
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- 5/3/24 - Form 4
- 5/1/24 - Form 144
- 5/1/24 - Form PX14A6G
- WMT's page on the SEC website