Mike Duke, CEO of Wal-Mart, said at an event in New York that shoppers are “running out of money.”
Wal-Mart shoppers, many of whom live paycheck to paycheck, typically shop in bulk at the beginning of the month when their paychecks come in.
Lately, they’re “running out of money” at a faster clip, he said.
“Purchases are really dropping off by the end of the month even more than last year,” Duke said. “This end-of-month [purchases] cycle is growing to be a concern.
Didn’t they run out of money a while ago and are now running out of credit and/or unemployment benefits? 
I think that’s a more accurate description of the situation.
