(Dmitri “Henry” Aleksandrov, Holder USA) It was recently revealed that Americans can no longer afford to eat fast food, which is the result of inflation that was caused by Joe Biden.
In 2019, a Big Mac hamburger a McDonald's they cost $3.99, the Daily Wire reported. Fast food menu prices said it now sells for $8.29. It was also revealed that a BLT Fooltlong a Subway that cost $5.50 in 2019 can now be sold for as low as $8.49. Besides, from Chipotle Chicken burrito in 2019 used to cost $6.50, but now it can cost $10.70.
Fast food prices, which have risen faster than inflation, have soared faster than the salaries of most of its restaurant employees, according to the Federal Reserve Bank of St. Louis.
A recent survey also pointed this out powered by LendingTree that 78% of consumers now consider fast food a “luxury” purchase because of how expensive meals have become.
“Prices of basic items like McDonald's cheeseburgers and Chick-fil-A Nuggets have increased by as much as 200% in less than five years, with dire consequences for the middle- and lower-class families who make up much of the fast-food customer base,” Dan O'Donnell of the MacIver Institute. he wrote on May 23, 2024.
The next time they tell you that Bidenflation isn't real, just show them this chart. pic.twitter.com/2Q7u0lHoWh
— Ian Miles Cheong (@stillgray) May 21, 2024
He then debunked the Biden administration's “price gouging” propaganda.
“This is not, like the white house he has repeatedly insisted, the result of rising prices, but rather the staggeringly high cost of wages and food production for restaurants like McDonald's and Taco Bell. Since their business model is based entirely on providing quick, convenient meals at low prices, they cannot afford to price menu items out of reach for their bargain-conscious customer base.” , he wrote.
O'Donnell went on to say that people with lower incomes are generally the people who eat fast food because they “rely on a quick, affordable meal before soccer practice or a band concert” and that's a bad sign for the American economy if these people simply can no longer afford to eat at fast food chains.
“When these restaurant prices go from $35-$40 for a family meal to $65-$70 in a few years, these families have to sacrifice a night or stay a little longer to afford it… When even fast food is slipping out of reach, it's clear that America's inflation problem is now a full-blown crisis,” he wrote.