Even Fast Food Is Slipping Out of Many Americans’ Price Range

The runaway 📈Inflation raging under 👤Joe Biden’s failed presidency has gotten so bad that many Americans have cut back on eating out, even at less-expensive 🍔Fast food restaurants.

Both McDonald’s and Chipotle have reported lower sales from their less-affluent customers amid the historic inflation that’s eroding consumers’ bank accounts.

“We’re definitely seeing a slowdown in their purchase frequency,” Chipotle CEO Brian Niccol told Bloomberg on Tuesday. “You’ve got higher gas prices. Everything is more expensive.”

Notably, Chipotle said patrons who earn less than $50,000 a year have dramatically slashed their purchases.

The company said this group accounts for less than 40 percent of its customer base, but that is still a large portion of diners.

Similarly, McDonald’s said its lower-income customers are avoiding more-expensive combo meals in favor of less-expensive menu items, according to Bloomberg.

These behavioral changes confirm what most of us already know, which is that while