Inflation Begins to Strain Finances of Young, Low-Income Americans

Inflation Begins to Strain Finances of Young, Low-Income Americans
A shopper is pictured at a Dollar Tree store in Pasadena, Calif., on June 11, 2020. Mario Anzuoni/Reuters
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NEW YORK—As high inflation forces Americans to spend more on gas and bills, young and low-income consumers are starting to feel financial pressure.

Generation Z consumers and those with low credit scores are falling behind on credit card and auto loan bills and accumulating credit card debt at a pace not seen since before the pandemic.