Joe Biden is up to his ears in problems and failures as he heads into the November election.
One painful fact of life during his Presidency spells doom for him.
Now Joe Biden is lying awake at night over this scary reality about a trip to McDonald’s.
Fast food has become a luxury purchase for working-class Americans
Much like the prices of virtually every good and service known to mankind, the price of eating out at a fast food restaurant has exploded under President Joe Biden.
But Fast food prices are surging far more rapidly than the already exceedingly high rate of inflation.
What was once a much quicker and affordable option for American consumers than other restaurants – or even cooking at home in many cases – has now become a luxury purchase for most working-class Americans as a result of Biden’s failed “Bidenomics” agenda.
And that’s not hyperbole – a recent poll from LendingTree found that 78% of all respondents now view fast food as “luxury” purchases.
To make matters worse, that number surges to over 80% for working-class Americans who make less than $30,000 per year, and families with kids.
NewsNation’s Kelsey Kernstine recently highlighted a startling new report from FinanceBuzz that exposed the dramatic increase in fast food prices during an appearance on Morning in America.
“It really makes sense when you break it down because McDonald’s Big Mac — it’s now more than $8 when just a few years ago it was half that price,” Kernstine explained. “So according to FinanceBuzz it says that prices at McDonald’s have more than doubled 100% since 2014, Popeye’s prices have jumped by 86%, Taco Bell doing the same, up more than 80%. At Subway there’s no longer a foot-long for $5.”
Value menus and promotional items like Subway’s $5 footlong or Little Caesars’ $5 Hot-N-Ready pizza have either been phased out or seen their prices also increase as a result of surging costs.
Now, combo meals routinely cost well over $10 at most every fast food chain.
“These prices have even outpaced inflation, the Bureau of Labor Statistics says that fast food prices have even climbed faster than grocery prices,” Kernstine added.
Another sign consumers are being hammered by inflation
The Biden cost of living crisis is forcing Americans to alter their lifestyle to make ends meet.
“In a new survey by LendingTree they interviewed 2,000 people and nearly 80% of people say fast food is a luxury, more than 60% say they’ve cut back on eating fast food because of the prices,” Kernstine said. “Many of those surveyed say they see it as an indulgence because they are struggling financially, especially those making less than $30,000 a year.”
Kernstine noted that fast-food franchisees are blaming inflation for the price hikes at their restaurants.
The cost of eating out has jumped by 22% since Biden entered the White House in 2021.
Minimum wage increases in Democrat-controlled states, like California, and labor shortages from the ruling class elite’s efforts to pay people not to work have sent the cost of labor skyrocketing.
And that increase in labor costs – not to mention the increased cost of materials needed for production, equipment, energy, taxes, and so much more – are being passed on to consumers in the form of higher prices.
Franchise Consultant Nick Neonakis told NewsNation that increased automation in fast food will help the industry cut costs.
“You’re already seeing it with the kiosk ordering in a number of the different locations that are out there,” Neonakis said. “Behind the line where the food is being made, that’s the next thing that you’re going to see: Robotic burger flipping, robotic fries and so on.”
Even a McDonald’s cheeseburger is now out of reach for many Americans struggling to get by in the Biden economy.
And with voters heading to the polls in just over five months, that’s trouble for Joe Biden.
