Meaning low skilled jobs are going to go out the window. Thanks JOE BIDEN.... Dolt-in-Chief....
https://www.msn.com/en-us/money/com...g-to-cut-back-restaurant-spending/ar-AA1028VL
Both chains reported seeing behavior changes among less-affluent customers. Chipotle singled out diners who earn less than $50,000 a year as eating out less, which it said make up less than 40% of its base of diners.
“We’re definitely seeing a slowdown in their purchase frequency,” Chief Executive Officer Brian Niccol said in an interview after the burrito chain reported sales Tuesday. “You’ve got higher gas prices. Everything is more expensive.”
McDonald’s said its lower-income customers are shifting to less-expensive menu items and skipping combo meals that include fries and a drink.
With inflation at the highest level in decades, there’s mounting evidence that low-income consumers are pulling back even as wealthier groups continue to spend. A recent Morning Consult survey shows that over half of US adults changed their eating and drinking habits as a result of inflation.
https://www.msn.com/en-us/money/com...g-to-cut-back-restaurant-spending/ar-AA1028VL
Both chains reported seeing behavior changes among less-affluent customers. Chipotle singled out diners who earn less than $50,000 a year as eating out less, which it said make up less than 40% of its base of diners.
“We’re definitely seeing a slowdown in their purchase frequency,” Chief Executive Officer Brian Niccol said in an interview after the burrito chain reported sales Tuesday. “You’ve got higher gas prices. Everything is more expensive.”
McDonald’s said its lower-income customers are shifting to less-expensive menu items and skipping combo meals that include fries and a drink.
With inflation at the highest level in decades, there’s mounting evidence that low-income consumers are pulling back even as wealthier groups continue to spend. A recent Morning Consult survey shows that over half of US adults changed their eating and drinking habits as a result of inflation.
