#two-tier-economy

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#consumer-spending #chipotle #dining-out-decline #gen-zmillennials #income-inequality #affordability
Food & drink
fromFortune
2 days ago

Chipotle CEO sounds alarm on the American economy: Gen Z and millennials are too burdened by unemployment and student loans to eat out | Fortune

Younger diners aged 25–35 are dining out less and shifting to groceries, pressuring Chipotle's traffic, revenue, and same-store sales forecasts.
Business
fromBoston Condos For Sale Ford Realty
1 week ago

Boston Condos For Sale And The Two-tier Economy Boston Condos For Sale Ford Realty

A two-tier K-shaped economy creates rising wealth and spending for high earners while lower- and middle-income families face worsening affordability.
fromFortune
1 month ago

McDonald's CEO is grappling with a 'two-tier economy' as he slashes prices on value meals-and signals backing for a minimum wage increase

For years, dating back to the 2022 inflation wave, McDonald's and its fast-food rivals have contended with shopper frustration over rising menu prices, with combo meals increasingly breaking into double digits. Customers at the higher end of the income spectrum continue to order premium products and use delivery apps at healthy rates. Lower-income diners, however, are cutting back, Kempczinski argued in an interview on CNBC's "Squawk Box," treating fast food less as a daily convenience and more as an occasional splurge.
Business
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