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AlexanderESmith ,

Can we put the "thank you", "donate", and "beep boop" in a collapsed section too? That's a heck of a footer for basically the one line of data I'd otherwise want from this bot.

dactylotheca ,
@dactylotheca@suppo.fi avatar

I guess “consumer pullback” is one way to describe what’s going on with the economy…

solsangraal ,

and “consumer saying ‘hey waitaminute, i don’t actually need half the bullshit they’re telling me i can’t live without…’”

Telodzrum ,

The headline uses that term because consumer spending, across the economy as a whole, is up and a healthy amount. The “pullback” appears to be in select subsectors where price increases have drastically outstripped core inflation and/or specific companies who have done so without regard for competitors’ pricing.

hydrospanner ,

Thank you.

It shouldn’t (still) surprise me, but it always does…when people do drastically misunderstand or misinterpret economic information.

Psychodelic ,

What other consumer spending is up? Does that include rent and groceries? I mean, is that “increase” I spending not due to ridiculous amounts of “inflation” (read: corporate profits)?

(Can’t read the posted article since it blocks adblockers apparently)

Telodzrum ,

Real personal consumption expenditures is the most commonly used metric for “consumer spending” and it is adjusted against inflation. That is the number which is seeing 0.3-0.5% growth month over month, in 2024. There are other ways to measure consumer spending which are not adjusted against inflation or may only target baskets of goods.

retrospectology ,
@retrospectology@lemmy.world avatar

Some talking heads on NPR were discussing the economy and how this was “the first time Millenials were seeing inflation” and how the economy is just waiting for consumers to “adjust”. This in the context of them also basically saying there needs to be more unemployment so wages don’t get higher.

It’s like victim blaming or something, corporations went on a price gouging spree during the pandemic and now we all have to learn to deal with it so Wallstreet can go back to business as usual, and they’re getting all pissy that people’s response is simply finding ways to spend less, instead of giving up their last nickle.

Funny how they never talk about corporations needing to tighten their belt or “adjust their expectations” to paying higher wages.

reflectedodds ,

The shareholders probably care, but to the layman, expecting 6.61 billion and only earning 6.49 billion doesn’t amount to much. They’re not going anywhere.

kate ,

as a shareholder i also do not care

kate ,

i had mcdonald’s for lunch today and was surprised how expensive it is now tbh. i know there’s no £1 cheese burger anymore but how is it £1.79

reddig33 ,

As a shareholder you should be concerned about high prices, poor service, and filthy stores. Not sure why anyone would want to pay a premium for their product when there are much better options for the same prices.

kate ,

more concerned with how the large fries box seems half empty every time now 😡😡😡

JJROKCZ ,

No offense but you’re probably not holding enough shares for them to care. Unless you own double digit percentages of the company then they couldn’t give a fuck what you think.

MagicShel ,

I don’t care other than economy is a powerful predictor of election outcome. I think we are due for a market contraction, and I’ve been out of work for 4 months, but I’m hoping it can hold on for another quarter.

Track_Shovel ,

Best of luck finding work.

I’m with you, in that I smell a recession. I don’t think it will be cataclysmic, but we have a lot of things pointing to some shrinkage:

Consumers are unhappy with greedflation

Housing is fucking expensive and no one has extra cash on hand

Multiple reports of a large percentage people not being able to make bills or worried about making them.

CobblerScholar ,

Not to mention the mounds of debt people are dragging around that they are unable to pay off

Track_Shovel ,

My mound is small, but it certainly weighs on me. I can’t imagine how people worse off would feel.

Telodzrum ,

Consumer spending continues to show growth and be positive. This is a McDonald’s and fast food generally contraction due to the industry’s greed – pricing of fast food has outstripped actual inflation drastically.

SatansMaggotyCumFart ,

Last time I went to McDonalds it was almost as much as a decent pub burger.

Why wouldn’t I just go there and get twice the quality unless I was close by and totally pressed for time?

donnager OP ,

McDonald’s has long forgotten what is supposed to be. Cheap, low quality food. Now it is expensive, low quality food. Like you said…you can get a better burger at a restaurant for the same price if not lower. Longhorn Steakhouse has a burger lunch special for $9.99

Zahille7 ,

The Whataburger sweet g spicy burger combo is all of like $12 and change after tax. And that’s the large size.

And their food is actually pretty good.

sunzu ,

Whataburger

They always decent fasr food that was better than mega corps had to offer. Goot o see them still fighting the good fight lol

LordOfTheChia ,

Also there are fast food alternatives to McDonalds as well.

IMO, Wendy’s has much better burgers. Haven’t had Carl’s Jr’s in a long while but I remember their “$6 Burgers” were pretty good.

Burger King, the meat quality seems to have gone downhill. Like an unchewable but in each meat patty. They used to be my favorite.

Edit: the “$6 burger” is now called the thick burger since it now costs more than $6

KnightontheSun ,

Welcome to Carl’s Jr!

Fuck you. I’m eating!

NovaPrime ,
@NovaPrime@lemmy.ml avatar

I’m baitin’

JJROKCZ ,

Dairy Queen has a $6 meal deal with a burger, fries, drink, and a sundae. All of it far better than MCD.

There’s also an option of chicken strips instead of burger if you want chicken instead of beef

solsangraal ,

i haven’t been to mcd in years, but my parents were sick with covid and requested i pick up some mcdonalds for them-- JFC how could i have ever thought it couldn’t get any worse–what a fucking shitshow

AlexanderESmith ,

I stopped going to McDonalds around 2004 after seeing Super-Size Me (which didn't really convince me of anything other than what I already knew; Fast food in general is gross).

A few years later, I was hanging out with some friends and someone wanted a drink or something, so we walked in, and the smell was overwhelming, and disgusting. It wasn't different, it was the exact same McDonalds smell, it was just gross as fuck.

About a decade after that, I was dating someone who wanted some of their fries (they were having a bad day and wanted comfort food). So I drive over there, just order the fries (everything else she wanted was already at home), and head home. The entire time, my car was filling with this gross, oily, I-don't-know-what smell of those fries. It occurs to me that I could only define it as "smelling like McDonalds".

Mind you, I've gotten fries at Wendy's, Jack in the Box, Arby's, etc. None of them smell gross. They smell like salty potatoes (except any place that has curly fries; they all seem to be from the same supplier, and they're gross).

I haven't been back to McDonalds in probably another 10 years, but I can only imagine that my first reaction would be to wretch, and my second reaction would be to leave. I have no idea how they fucked things up so bad, I had them all the time as a kid. I still eat Wendy's spicy chicken sandwiches, they're fine. wtf.

Sludgehammer ,
@Sludgehammer@lemmy.world avatar

I’m betting what your smelling is the “beef flavor” (actually made of wheat and milk) in their fry seasoning. McDonald’s once used beef fat to cook their fries, so when they switched to vegetable oil they started throwing “beef flavor” on their fries to replicate the meaty flavor.

jprice ,

I agree with that, but to me the McDonalds smell smells like piss from someone who is dehydrated. It’s so gross. 🤮

sunzu ,

The plebs are not buying our shiti slop... poor corpos, didnfu nuffin to deserve this!!! RHEEE

TheFeatureCreature ,
@TheFeatureCreature@lemmy.world avatar

I haven’t eaten there in nearly 15 years after a period where every time I ate food at a McDingle’s location I got massive food poisoning.

Sounds like I haven’t been missing much.

kaitco ,

I went to McD’s a week ago for an Egg McMuffin meal with an extra hash brown and a large Coke for the drink: $15.00. Less than 2 years ago, this exact meal was like $5.

I hope they go down in flames at this point.

HurlingDurling ,
@HurlingDurling@lemmy.world avatar

I agree with you wholeheartedly. I do wonder how much of this is brought up from vendors being greedy as well towards McD?

mosiacmango ,

What vendor is going to be able to out muscle McDs?

HurlingDurling ,
@HurlingDurling@lemmy.world avatar

The one who sells the McFlurry machines for one

mosiacmango ,

Isn’t that some weird incestuous buisness relationship between McDs corporate and the vendor that just so happens to screw over the franchises?

HurlingDurling ,
@HurlingDurling@lemmy.world avatar

I mean yeah, but I wonder how many other vendors so this kind of crap to franchises. Again, not taking any blame towards McD (they can fuck off into the sunset), I was just wondering if there was even a small percentage of chance that vendors could also have something to do with the price increases.

Orbituary ,
@Orbituary@lemmy.world avatar

I don’t understand getting to the drive-thru and seeing those prices and ordering the food anyhow. Why don’t you just tell the person, “actually, never mind. this is too expensive?”

Go to a grocery store nearby and grab a deli sandwich and fountain drink. At least it’ll be fresh food.

teft ,
@teft@lemmy.world avatar

Yes, but then I’ll have to get out of my car like some sort of animal. /s

RustyShackleford ,
@RustyShackleford@programming.dev avatar

But then you’ll finally get some exercise and do something about your sat-in bean bag chair physique. /s

teft ,
@teft@lemmy.world avatar

I don’t actually own a car. I bike everywhere. Hence the /s

KnightontheSun ,

The sarcasm was about the car and not about being “some sort of animal”?

Was all that just so you could tell us you bike everywhere? /s

teft ,
@teft@lemmy.world avatar

No, the /s was to show I was mocking others who do this exact thing and have this exact thought process. Why would I care if people know I bike? I live in a city where biking is way more prevalent than cars.

Dead_or_Alive ,

If you are pressed for time and/or have your hungry kids in the car then a couple of dollars isn’t a big deal. But that doesn’t mean those consumers are going to come back again after getting burned by high prices.

Starbucks raised the price of my iced coffee and changed the recipe for the brew. I still ordered and drank it, but I have cut my visits from three or four times a week to only once in the last three months. This means they lost out on not only my drink revenue, but the revenue on what I would have ordered for my wife and kids as well.

Orbituary ,
@Orbituary@lemmy.world avatar

So, you’re now drinking something you don’t like only a few times? Just go somewhere else.

phoneymouse , (edited )

Coke for breakfast, yuck

Edit: you can downvote all you want, I’m not wrong. If you’re drinking coke for breakfast, you’ve got issues, maybe negligent parents.

undergroundoverground ,

Thats ok, you can have something else.

BradleyUffner ,

Same as coffee.

JJROKCZ ,

Pretty sure coffee isn’t made of high fructose corn syrup

Thorry84 ,

Neither is coke in most of the world, that’s an American thing.

SeaJ ,

Cane sugar is not much better…

phoneymouse ,

Coffee is what people drink for breakfast. If you’re drinking coke for breakfast, you probably had negligent parents.

Psychodelic ,

That addiction’s real. Gotta take the edge off somehow

Seriously though, that sucks and it’s super sad

Sludgehammer ,
@Sludgehammer@lemmy.world avatar

I wonder how much more money they’d have if they hadn’t renovated all their locations into ugly grey slabs of brick and glass?

ChadCMulligan ,

Bring back the burger stools.

Exusia ,
@Exusia@lemmy.world avatar

We used to be a PROPAH countreh

greenshirtdenimjeans ,

The only good experience I’ve ever had at McDonalds was a food fight in baltimore in 2007. Cops came, it was fucking wild.

HurlingDurling ,
@HurlingDurling@lemmy.world avatar

Good

_lilith ,
@_lilith@lemmy.world avatar

I went to one for the first time in years because I was starving and a shitty hash brown, breakfast sandwich and coffee sounded good. coffee half full, no hash brown and the sandwich gave me a three day bout of food poisoning. never again, I would rather not eat.

ChadCMulligan ,

Seems like the accountants all across the drive through world have forgotten that the reason cheap food was so popular is that it was CHEAP food.

Ironically even though their main menu items and combos have gone crazy price-wise in the last couple years, McDonald’s is one of the few fast food places I still frequent for lunch because if you use the app you can still get a decently filling meal for 6-7 bucks; 2 double cheeseburgers BOGO $1, large fry (free), large drink at regular price. Not great, but 6 something bucks. The quarter pounder combo meal I used to get has nearly tripled in price in the last 5 years and the Big Mac is not only smaller but way more expensive…

Not sure what they were expecting to happen 🤷‍♂️

Buelldozer ,
@Buelldozer@lemmy.today avatar

This chart really highlights the problem; since 2014 overall inflation is 31% but MCDONALDS inflation is at 100%!

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