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Title: A "Restaurant Apocalypse" Is Starting To Sweep Across America, And That Is Really Bad News For The U.S. Economy
Source: [None]
URL Source: https://www.zerohedge.com/personal- ... and-really-bad-news-us-economy
Published: Jun 3, 2024
Author: Tyler Durden
Post Date: 2024-06-03 13:12:33 by Horse
Keywords: None
Views: 167
Comments: 1

You can get a really good idea how the U.S. economy is doing by watching restaurants in your area. When the economy is booming, restaurant parking lots are full and chains are feverishly establishing new locations. But when the economy is struggling, restaurants get a lot less traffic and poor performing locations get shut down. Sadly, in 2024 it appears that a “restaurant apocalypse” has started to sweep across America. Most people have very little discretionary income to spend as a result of our cost of living crisis, and that is particularly true for our young adults. Americans under the age of 40 love to eat out, but these days most of them are experiencing financial stress, and this is having an enormous impact on the restaurant industry.

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#1. To: Horse (#0)

It typically costs about 3x more to eat out than to buy at a grocery store and cook at home.

Pinguinite  posted on  2024-06-03   13:22:28 ET  Reply   Trace   Private Reply  


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