Looks like McDonald’s is reaping what it sowed. Shit food at shit prices and no one wants to buy?! SHOCKER.

  • Telodzrum@lemmy.world
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    3 months ago

    The headline uses that term because consumer spending, across the economy as a whole, is up and a healthy amount. The “pullback” appears to be in select subsectors where price increases have drastically outstripped core inflation and/or specific companies who have done so without regard for competitors’ pricing.

    • hydrospanner@lemmy.world
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      3 months ago

      Thank you.

      It shouldn’t (still) surprise me, but it always does…when people do drastically misunderstand or misinterpret economic information.

      • CleoTheWizard@lemmy.world
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        3 months ago

        In fairness, this is a new development as far as economics goes. It’s very unusual that a fast food burger is as expensive as a sit down restaurant. Which is why we’ve used things such as the Big Mac index for understanding purchasing power. Prior to this, it was assumed that fast food was a kind of essential item that arrived at its lowest cost.

    • Psychodelic@lemmy.world
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      3 months ago

      What other consumer spending is up? Does that include rent and groceries? I mean, is that “increase” I spending not due to ridiculous amounts of “inflation” (read: corporate profits)?

      (Can’t read the posted article since it blocks adblockers apparently)

      • Telodzrum@lemmy.world
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        3 months ago

        Real personal consumption expenditures is the most commonly used metric for “consumer spending” and it is adjusted against inflation. That is the number which is seeing 0.3-0.5% growth month over month, in 2024. There are other ways to measure consumer spending which are not adjusted against inflation or may only target baskets of goods.