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AdvertisementBut Americans are not a monolith, as Jefferies consumer strategist Carey Kaufman pointed out in a note to clients Tuesday. Heading into the autumn, a considerable number of those in the bottom quintile appear to be running on borrowed time. Dollar Tree, which owns Family Dollar, reported similar consumer headwinds during its quarterly earnings this month. "What we noticed was an even tighter core consumer at the very last week of each of the months in Q2," he said. "While that's always a tighter week of the month for our core consumer, it was by far the weakest."
Persons: , Carey Kaufman, Ted Vasos, Vasos, David Bellinger, Ryan Grimsland, Will Stengel, Ally, Russell Hutchinson, paychecks aren't, that's, Bellinger Organizations: Service, Walmart, Costco, Business, Jefferies, Goldman, Global Retailing, Mizuho, Reuters, Federal Reserve Locations: U.S
She lived with family to save on housing, checked her bank account regularly, and side hustled. Here are four strategies she used to save money and start investing on a tiny salary. She checked her bank account balance regularlyAfter overdrafting her bank account once, Simmons started checking her balance more consistently. Simmons admitted that it was scary to start regularly checking her bank account at first: "I used to avoid checking my bank account, but we have to hold ourselves responsible. If you are having fear or anxiety over checking your bank account, you have to work through that."
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