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1 worrying fast food trend a sign of coming economic crash?
Whenever things get tight for me financially, I start looking at big expenses that I can kick down the road for a bit until I get my feet back under me.
We’re talking travel, home upgrades, and even non-critical auto maintenance (dumb, I know).
But desperate times call for desperate measures, and a lot of folks out there are feeling especially desperate as U.S. President Donald Trump’s economic warfare against friends and foes alike continues to guide us toward a major recession.
So what happens when cutting large expenses isn’t enough to make ends meet?
We’re starting to see that play out in real time as desperate Americans look for more ways to pinch pennies.
And data from the country’s most dominant fast food giant tells a sad story indeed.
‘The Fast Food Recession’
We may not be in a technical recession yet, but different sectors are starting to feel the pinch.
The downward pressure on the economy is now extending to fast food, and recent company earnings in that space paint a bleak picture of life for low-income Americans.
During an earnings call for global restaurant leader McDonald’s, for example, executives admitted…