Not-so-happy meal: As fast food prices surge, many Americans say it's become a luxury
Is fast food becoming a luxury?
2024-05-30 11:58:12 - VI News Staff
Yes, say four-fifths of Americans in a new survey about fast-food inflation. Fast food prices are up 4.8% since last year and 47% since 2014, according to the Bureau of Labor Statistics. In a new survey of more than 2,000 consumers, the personal finance site LendingTree found that many diners are wincing at their restaurant receipts. Among the findings:
78% of consumers said they view fast food as a luxury because of its cost;
62% said they are eating less fast food because of rising prices;
65% said they’ve been shocked by a fast-food bill in the last six months;
and 75% said it’s cheaper to eat at home.