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IPFS News Link • Economy - Economics USA

America In 2024: Fast Food Is A "Luxury", 11 Million Children Live In Poverty...

•, By Michael

Little by little, our standard of living has been eroding.  A couple decades ago, we had the largest and most prosperous middle class in the history of the world, but now most of the country is struggling.  At this point, fast food is considered to be a "luxury", 11 million children are living in poverty, and thousands of stores are permanently shutting down all over the United States because consumers have so little discretionary income these days.  We are in the midst of a historic cost of living crisis, and those at the bottom of the economic food chain are being hit the hardest.

The ultra-wealthy don't really care that food costs have been soaring, but for those that are barely scraping by from month to month it makes an enormous difference.

Once upon a time, fast food restaurants were where those that were struggling went to eat.

But now fast food is considered to be a "luxury" in 2024, and that is because fast food prices have gone absolutely haywire

A Big Mac sandwich at McDonald's, for example, cost $3.99 in 2019. Now, that price has more than doubled to $8.29, according to Fast Food Menu Prices, an online tracker.

Gone, too, are the days of the $5 Footlong at Subway. A BLT Footlong that cost $5.50 in 2019 now costs customers $8.49 in 2024, though prices can vary by location. Additionally, Chipotle's beloved chicken burrito that cost $6.50 in 2019 now runs customers $10.70.

Fast-food executives have pointed to rising wages and increased costs for ingredients as factors driving up the prices on their menus.

I am sitting here looking at those numbers and I still can't wrap my head around them.

I never imagined that I would see the day when it took more than 8 dollars to buy a Big Mac.

That is insane!