MCDONALD'S IS LOSING ITS LOW-INCOME CUSTOMERS. ECONOMISTS CALL IT A SYMPTOM OF THE STARK WEALTH DIVIDE
https://media.zenfs.com/en/la_times_articles_853/46879a0c60a0172e94ffc4d98e0abc25
✍️ McDonald's struggles to attract low-income customers due to rising costs and inflation, reflecting a larger trend of income inequality in the US.
👉 McDonald's is struggling to attract low-income customers due to rising costs and inflation 👉 Rising costs, including beef and labor costs, are driving up prices and driving away low-income customers 👉 Other businesses, such as Delta Airlines and hotel chains, are also seeing a decline in revenue from low-income customers 👉 Experts say that the shrinking traffic of low-income consumers is emblematic of a larger trend of Americans diverging in their spending 👉 Wealthier customers are flexing their purchasing power, while lower-income shoppers are pulling back
-- #ChristopherKempczinski #AdamJosephson #RikardBandebo #MarisaDiNatale #IanBorden #JohnCena #California #NewYork #SanFrancisco #business
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