Walmart and Target’s earnings figures show that Americans are struggling with inflation

Walmart and Target’s earnings figures show that Americans are struggling with inflation. As Walmart CFO John D. Rainey made sense of during a profit call with experts on May 16, "Numerous buyer wallets are as yet overstretched, and we're seeing the impact of that in our business blend as they spend a more prominent piece of their checks on non-optional classifications and less on broad product."