Fast Food Becomes a Luxury as Prices Soar
TL;DR Summary
A LendingTree survey reveals that 78% of Americans now consider fast food a "luxury" due to rising prices, with many cutting back on consumption. The cost of fast-food meals has increased by 41% since 2017, outpacing inflation. Lower-income families, parents with young children, and Gen Zers are particularly affected, often opting to eat at home instead. Fast-food chains are responding with budget-friendly promotions to attract customers back.
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