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about 25% of people who make under $50,000 were cutting back on fast food
Only 25%? Who hasn’t cut back, even if it’s subconsciously?
I know it’s just an anecdote, but my wife and I make a lot more than that and we’ve had to cut how often we get fast food because it’s become way too expensive.
Shit, half the time we just get sit-down service because the cost isn’t that much higher. Why would we get low quality fast food for $30 when we can go to a local sit-down restaurant and get higher quality food for $40, tip included?
Don’t forget the beef subsidies, too!
Per a 2015 Berkeley study, witjouy the beef and dairy subsidies, a Big Mac would cost $13 and a pound of beef would cost $30. Obviously both would be more now since inflation has raised prices by about 1/3 across the board and food prices have definitely grown faster than the average.