I wrote here about Dollar Stores HERE, and this post adds some support to the idea that when Dollar stores appear it is a sign of a struggling community. According to Business Insider Report, Dollar Store customers are much poorer than WalMart Customers.
Wal-Mart’s customers are considerably wealthier than shoppers at dollar stores like Family Dollar and Dollar General, according to new data.
Four in 10 Family Dollar shoppers have a household income of less than $25,000, which is slightly higher than the poverty level for a family of four, a survey from the consulting firm Kantar Retail shows.
By comparison, 27% of Wal-Mart shoppers’ households earn less than $25,000.
Overall, Wal-Mart customers have an average household income of $53,125, which is in line with the median income for all U.S. households last year.
Shoppers at Family Dollar and Dollar General earn about $8,000 less annually, with average household incomes of $44,972 and $45,640, respectively.
Do you think the appearance of Dollar Stores in the community are a sure sign of an economically struggling community?