Highlights & Lowlights
Nearly 80% of Americans now consider fast food a ‘luxury’ due to high prices.
Has a trip through the drive-through become an extravagance? The vast majority of Americans say so. A recent survey conducted by LendingTree found 78% of consumers now consider fast food to be a “luxury” purchase due to how expensive the meals have become.
75% percent of those surveyed stated fast food should be cheaper than eating at home, but most say that is not the case. Nearly a quarter of Americans say a meal at a fast-food restaurant costs more than at a traditional sit-down restaurant.
Columnist Dan O’Donnell wrote in a blog post on Thursday that prices on “basic items like McDonald’s cheeseburgers and Chick-fil-A nuggets have risen as much as 200% in less than five years.
Another example of Bidenomics at work.