
Newlyweds Brittany Zwier and Frank Martinez are starting their life together looking for ways to save money. Limited time: Save 25% on NBC News subscription Get exclusive reporting, live Q&As and ad-free reading. Zwier, 32, and Martinez, 40, have an annual income of more than $100,000 — but are finding their dollars aren’t stretching as far as they used to. The couple now buys groceries exclusively at the no-frills supermarket chain Aldi, where they say the prices are cheaper than at other stores.
Main Idea: America’s affordability squeeze is pushing more shoppers toward Aldi, which is gaining from people cutting back on food and other everyday spending.
Key Points:
Higher food, rent, and utility costs are squeezing US households, forcing many shoppers to cut meals out and buy cheaper groceries at Aldi, Costco, and Walmart.
Budget chains can help families stretch paychecks and keep basic goods within reach.
Rate how each entity in this article affected the American people.
Central company in the story; the article focuses on its growth and role as shoppers seek cheaper groceries.
Federal Reserve Chair whose comments on consumers tightening their belts are directly discussed.
Major budget retailer cited as a likely beneficiary of changing spending habits.
Major budget retailer cited as a likely beneficiary of changing spending habits.
Mentioned as a company expanding premium offerings to attract big spenders.
Mentioned as a restaurant chain affected by pullback in restaurant spending.
Mentioned as a restaurant chain affected by pullback in restaurant spending.
Mentioned as a major business seeing strong demand from high-income households.
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Sign in to commentMentioned as a major business seeing strong demand from high-income households.
Mentioned as a company expanding premium offerings to attract big spenders.
Heather Long is identified as chief economist here and the institution is cited for economic commentary.
Mentioned as a restaurant chain affected by pullback in restaurant spending.