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Why Americans are snubbing McDonald’s and Starbucks

cnn.com
submitted
a year ago
byjosephtofinance

Summary

Earnings season for major food and beverage companies began just this week. The upshot: Americans are still happy to spend, after all. It’s not as if Americans have suddenly given up fast food or joined a cult of teetotalers. But after several years of rising prices, we’re seeking out deals where we can find them.

The once reliably cheap McDonald’s pushed its prices up, while sit-down restaurants leaned into value and convenience. This isn’t entirely new, the pricing gap between restaurant chains has been narrowing. “People are essentially saying “look, if I’m already going to be overpaying for food, I may as well sit down and get some service out of it”

The U.S. economy clocked a stronger than expected 2.8% annual growth rate in the second quarter. The US is the world’s largest economy, with more than 1.2 billion people. The U.K. is the largest economy in the world.

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9 Comments

4
kaiserseahorse
a year ago
I'm not paying Smashburger prices for Mcds. They've gotten completely out of their element.
3
froggyweather
a year ago
Haven't been to one in over year after those price hikes
2
kaiserseahorse
a year ago
There are just much better options for the same price
2
froggyweather
a year ago
They've basically made me give up on fast food altogether so probably a good thing
2
josephOP
a year ago
I just want the dollar menu back 😭
2
kaiserseahorse
a year ago
The crap $5 one they're trying to push isn't good enough
2
humboldt
a year ago
Everything is expensive and everything sucks. These corporations keep price gouging us so of course we're all tired of it.
2
boredgamer
a year ago
Lol I just love how the titles always put the blame squarely on consumers
2
humboldt
a year ago
Easy to guess why that is lol