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Plenty of upper middle class and middle class Americans eat at McDonalds; it is not only the poor who go to McDonalds. In fact there are probably many more middle class people than poor people eating at McDonalds because the majority of business is from the drive thru's and most poor people do not drive
@@888strummerI think you might have a disconnect on your definition of “poor.” I know A LOT of poor people that drive. (Their car payments contribute to their poverty.)
More and more people might face a tough time in retirement. Low-paying jobs, inflation, and high rents make it hard to save. Now, middle-class Americans find it tough to own a home too, leaving them without a place to retire.
The increasing prices have impacted my plan to retire at 62, work part-time, and save for the future. I'm concerned about whether those who navigated the 2008 financial crisis had an easier time than I am currently experiencing. The combination of stock market volatility and a decrease in income is causing anxiety about whether I'll have sufficient funds for retirement.
While keeping your portfolio allocations balanced, de-risk your investments, support your core holdings, and take some gains. Even managed portfolios don't always perform as well as I would advise, so it's essential to get the advice of a qualified fiduciary; my spouse and I find that this works for us. Net of dividends, we have had over 80% capital growth.
My CFA ’Annette Christine Conte’ , a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
There have been a ton of food trucks with long lines popping up in my little town serving higher quality food for cheaper. It seems like people are still spending money, but patterns are changing. I think that it's partially because of the economy and partially because it's hard to justify spending so much on food that everyone knows is so bad for you. Americans are becoming more health conscious at the same time that they are rejecting fast food pricing. Let's not forget that diet is something more and more people are factoring in when making purchasing decisions, because the unhealthier you are, the more expensive it becomes just to live. Making healthier decisions is partially an economic decision just as much as a health decision.
Yes I think McDonalds is just trying to control the narrative by feeding people a preemptive story on why they can't sell food. McDonals has been going under since the corp put in self service kiosk.
I make decent money, and I will not spend my money at fast food anymore. It’s absurd, but that what happens when min wage gets jacked to $15 per hour. Now what happens is many of these restaurants fold or they cut staff and automate as much as possible. Then, the same people that voted for high minimum wage will gripe about how unskilled labor is being replaced by machines. It’s rather amusing to watch.
I grew up dirt floor poor, and as such I did have to learn how to be resourceful and with that learned to save money and stay away from overpriced things, but your education on the financial system which has easily become my most watched thing on TH-cam is such a masterclass, Jaspreet. You break it down in such an easy to understand and mentally digestible manner that it has completely changed how I do things with the money I have saved that turned into the money I invest, how there is a clear difference between those who understand the monetary system and those who don't, and it has been a game changer. I thank you so much for your efforts, wisdom, and rationale on these videos. You sir are amazing.
I have gotten such a distain from working long hours chasing money for crap I don't need I retired early and now working part time living a frugal life focusing only on the things I love the most I am not rich by anymeans
And they were originally created to profit off of RENT from franchisees, NOT BURGERS! Imagine the long game being played when you realize how much every cost for consumers and restaurant owners has gone up, but how they can keep everything low for them. We’re going to get to a point where “just don’t eat there” isn’t actually going to fix it
I used to get so sick every time I'd squeeze one of those smokey yellow sauce packets onto their chicken sandwich... Loved the taste of that sauce but ultimately stopped doing it because I was guaranteed to get sick.
Are we still doing this "its just inflation" nonsense when we now know that the MAJORITY of the price increases are simply corporate ordered price hikes? A 30K mark up for a pick up truck is not just inflation.
Ya referring to their product as "food" is very generous. Digestable? Kind of but you can digest saw dust and plastic pellets too but I wouldn't call them food either.
It's pretty disgusting. Never understood when you could go and get a better meal at equal price. Hell- Dairy Queen has buy two sandwiches for $5 and they're a hell of a lot healthier.
@@christophermoshier Iunno about that there's a lot of particulars here when it comes to ff burgers. Mcds definitely has the worst bun though there's foam in it. All of these places use a lot of corn syrup. Mcds higher end burgers are %100 beef, which is healthy on its own although over cooked
Debt is only normalized until consumers start refusing to pay exploitative prices. Get yourselves free. Stick to a budget and give a middle finger to anyone who won’t charge fair prices.
So true, and what I’ve been doing. Only issue is I end up doing everything myself or not hiring anyone at all. Home Depot quoted me $2,500 to install, just installation of a front door. It took me an hour, and I’ve never done it before. It’s unbelievable so many people pay these prices. I could give a dozen more examples of this…
US dollar is worthless. Printing billions of dollars and handling it away to Ukraine and illegal immigrants. Thus causing the devaluation of our currency
American money is worthless. Printing billions of dollars and handling it away to Ukraine and illegal immigrants. Thus causing the devaluation of our currency
Why lower income people pay for fast food is beyond me. For the price of meal atMD,Burger King etc. I can eat for aweek! I usually buy a half pound of lunch meat ,cheese and a loaf of bread and it's good for a week.
Raising prices and calling that growth is not how it works. If the one below are not growing the ones above can not expect to grow. They are going to have to lower their expectations. Aka ceo pay...
People who complain about record profits and record CEO pay don’t understand inflation. If the money supply doubles, the price doubles the profits double and the pay doubles. Despite all this the purchasing power all remained the same.
I think this has more to do with the fact that people are realizing you can go to other places like in n out or any sit down restaurant and get a better quality burger for the same price or less
The Fed announced interest rate rises to crack down on US consumer spending. Voila, it's working. Liars will lie and claim it was an accident if deflation results.
I really dont get it. We are waiting for every single company to grow indefinitely. How is that possible? How much McDonald's can man eat? How many costumers can McDonald's have? How many Facebook users? How is it viable? It is just greed and credit.
It’s unfortunate, but most people are unconscious spenders they live in the moment and do not practice delayed gratification… we can’t have the well off without the not so well off Somebody to take the loss and it won’t be me
For the past twenty years, I have deliberately avoided consuming fast food. As a result, I have noticed a significant improvement in my overall well-being. I am poor.
Jaspreet don’t forget to tell your audience that government macroeconomic statistics are as Rush used to say: ‘Phony-baloney, plastic banana, good-time-rock-n-roll’ Whatever they (gov’t) say about inflation you know the real number is much or considerably higher
Agreed. Same here in Canada. Whatever the gov't admits to for inflation number you can at least double it. Never trust them, especially when they have so many reasons to fudge it (including all the pensions they have to adjust to inflation). Total fantasy numbers.
In the 1970's CEO's made 20x what their entry level production workers made. Now CEO's make ~300x what production workers make. Wages havent kept up with inflation since the 1980's when pensions were dropped for 401ks which so employees became responsible for their own retirement.
@@danielkame8455 and people still don't get why things were cheaper before 2000 in 91 most every worker made $4.25 in the 80s it was $3.50 and $3.75 and the national debt was 500 billion
And yet the socialites are always out on the town, spending more money each day than some make in a year, seven days a week. Their hair and makeup always perfect
At SOME POINT every shareholder can't always make more from every company every year. They have fired so many employees, shrunk their product portions, ignored quality, closed stores, and done every possible thing to show shareholders unrelenting growth but nothing... NOTHING can infinitely grow forever. They have hit the profit ceiling. They can't scrape more money from their workers or customers, they can't cut costs anymore and remain functional. They HAVE TO accept that no business will be always growing forever.
@@d3kingg387Tim Horton's used to actually be a good donut chain in the 80s/90s. Ever since they started shipping in their pre-baked shit all across the country it sucks. I will never understand our Canadian worship of Tim Horton's. Even McDonald's has better coffee now from what I'm told (I can't stand coffee so I have to take others on the quality of it).
That's odd. I'm in Victoria, BC (which is a far higher COL area than Ottawa) and we haven't experienced any of that. I lived in Ottawa from 2013-2020. Loved it there. Beautiful place with high incomes and relatively cheaper real estate.
They have to pay the $15/$20 min wage. Just wait until it’s raised in regular restaurants, as they are doing in Massachusetts next year. Half the people here complaining about high prices support high min wage, but they have to realize, they caused it. Can complain about something you helped create. It’s hypocrisy at its best.
McDonald’s is doing bad not because people don’t have money. It’s because people want better quality food and there are way too many places that give that. Also keep in mind that McDonald’s executives got greedy and decided to raise the prices of everything astronomically to the point where people had to judge whether they want to goto McDonald’s and eat the carpet they sell or go to a real burger joint and get quality food
Wrong most McDonalds are owned by franchise owners who have a very low profit margin after expenses. They have to raise profits to earn a profit. They’re not like the US government who can operate at a net loss every year.
Nah bro, a lot of people literally don’t have money, especially the main McDonald’s consumer; McDonald’s been bad quality eats forever (best tasting fries tho) but haven’t stopped succeeding, those with money are usually more health conscious so they already not eating McDonald’s but everyone else (usually already pretty broke) are now actually broke. The middle class of yesterday feels poor, so imagine the already poor. Basically, the fast food dopamine rush is now weaker than the financial repercussions the same meal brings!
If the government would quit raising their their their their their their their their their retirements and their paychecks are well overpaid every government employee is well overpaid
Chances are, the main reason McDonald's has lost money is the automated machines used to make orders. It's less engaging and removes the social interactions that makes companies like Chic Fil A flourish. Eventhough McDonald's is a far cry away from Chic Fil As engagement and customer service. A lot of people treat McDonald's as a social meeting spot and having the employee/ customer engagement is a necessary component of their past success.
It’s quality not quantity. I could pay the same amount of money to get a full plate of steak tacos, Spanish rice, and refried beans instead of wasting it on mcgoyslop.
Why not mention the truth-- big business demanded mass immigration-- especially from India in order to keep wages low. Nothing has harmed American workers more than importing tens of millions of low-wage workers.
I took a sociology class a long time. One of the things the class showed is how the US has imported cheap labor for centuries. When one of the migrant groups starts demanding higher wages and/or becomes financially successful , then a new group is allowed into the country.
It isn't that we are running out of money. What is happening is money is consolidating to a small group of people and that small group buys within that small group maintaining that money stays where they want it. Automation and AI is the future and we are not a part of it.
in 2018 a chartist said something financial is brewing and it would be blamed on a pandemic or war. We have had/have both (Ukraine war) .. I still think inflation was all planned as they knew what would happen if they pumped a ton of money into the system.
What a talking point!! Personally I don’t see the problem with any company to attract as many customers as they can… but I also don’t think broke people should be spending money at restaurants. Now, broke people we’re spending money but they shouldn’t have been doing that and therefore these restaurants are now making what they should be…
As a retired vet with a degree in education and now taking social security, I never made a higher income than $52k a year. So when you said in one of your videos that today's middle class makes $75k on average I was wondering what states (or what planets) you were referring to. I am still watching your channel to see if it is worth subscribing. Still looking for a reason. Too many financial advisors out there who think everyone has a high salary to invest.
I've recently pivoted to batch prepping slow cooker meals, and then ziplocking individual servings in the freezer for daily use. I'm also looking at other ways to cut spending. I own a house, have savings, and investments, and also feel the crunch.
Since the introduction of credit cards people have lost the art of delayed gratification. Going into debt for crap they don't need and not sticking to a budget
They got other locations overseas like in korea, china and japan etc, they have locations more over there then they have here in america and bet you that it taste better and more cheaper to.
Since the Big Mac (and other 'heavy" menu items) has risen in price at 3-4x inflation, I have difficulty justifying sympathy for the largest real estate company that happens to sell low (and getting lower) quality food.
As long as inflation continues, people will continue making better money decisions. Fast food is no longer worth their cost, and they never had value, only convenience!
Maybe it has to do with the fact that they’re just greedy and want to make their customers do their job, by refusing to take order over the counter and making you place your own order on a kiosk, hence eliminating the need of that extra person and not having to pay that person the extra check and benefits. Or many be the fact that you can go to in n out, get a double cheese burger, with just sliced and cooked fries with a drink for about $13 vs McDonalds charging about 30% more while paying their employees minimum wage when in n out starts off their employees at $18..hmm..just a couple of thoughts here 🤨
Mickeydee corporation has lost connect with thier customers..kiosks, quality of food for price..less economic but performance related drop in sales is at heart of problem..! Thus people go somewhere else for quality and value..!
Maybe I don't understand the situation but it seems to me that as more and more people are slipping from middle income to low income and therefore forced to change their dining from restaurants to diners and finally to fast food that fast food joints are in a race to the bottom to capture these new customers.
Rental's are taking everyone's money. Stop corporations from buying up all the housing. Individuals also need to have a limit on how many properties they can own.
All we can do is take care of our own finances. We cannot worry about all these big chains cutting back. They overbuilt over the past years, and we are top heavy with every chain possible, to where towns all look pretty much alike with chain "everything" lining the roads in America. We weren't concerned as these places sprouted, and we shouldn't be concerned as they close. The jobs they offer will not support you in this economy. It seems that we are being forced, with inflation, to find alternative living arrangements. Whether that is an RV, a van, a car, a room in someone's house, a shared apartment, etc., we can no longer expect to pay for a our own apartment, even with "good" salary. Stop buying new cars, as that will sink your boat. Find your own personal "end run" to this economy. Think outside the box. Don't let the alarmists scare you with all the talk about big closures, because many of them haven't even been here long.
You're right actually the inflation in food prices is more like 40 to 50% and it's in the core categories such as chicken beef Dairy eggs which by the way is practically what every dish you eat is composed of😂😂😂 did you hear about the Congressional investigation into the beef industry probably not it's a quiet investigation so Congress is investigating the beef producers for price fixing turns out during the pandemic beef manufacturers didn't want to lose money so they all got together and decided not to compete or lower their prices in fact the one thing that steadily Rose and price during the pandemic was in fact beef😂😂😂😂😂😂 the problem for McDonald's and all these fast food restaurants is that the main ingredient for most of their offerings is beef it's hard to run a hamburger restaurant without beef😂😂😂😂😂😂😂😂😂😂😂😂
A family friend owned a dozen McDonalds franchises in the 90’s. He explained to us that with labor costs, they were losing money - or making like a penny - on those 60 cent hamburgers. But they made a ton of money on the fries and soda, after getting people in the door for those cheap hamburgers. The business model has changed, as no one’s excited about $3 crappy hamburgers.
What do these businesses expect! It’s not just low income but those that see the loss of value in their spending. It’s unsustainable and pathetic for them to be so greedy.
Please stop recording in HDR. It make the video brighter but everything else on my screen is darkened because of it. Its really annoy having to deal with this
Bragg’s olive oil @ Whole Foods was $19.95 in 2019-20. It is now as of this month is $30.95. A quart bottle. I believe Ca. Gavin Newsome raised the minimum wage up at fast food ( McDonald’s and such) to run them out of business. Who can afford the new prices and pay workers to serve it?
How is there less money in the economy and the quantity of funds created and borrowed and spent on goods and services. The problem in my estimation is the quality of money, since I can spend money but I get less and less, than, to all the free money from the government. Now my credits cards are zero balance, and I only have a mortgage payment left. Thank God, no more care payment, or the increasing prices would hurt very much. But more money without more goods and services means higher prices, and less value.
This is a sign, not just for fast food. Companies don't want to pay employees. What eventually happens, those same people can't buy things. Looking at you car dealerships, real estate, luxury items.
It’s not a discount everybody went up on prices and they pushed it and see how we would go. You saw the scam, so I’m not sure if discount is the right word.
Isn’t the idea behind a value deal, to spur more sales? Someone might not eat there for $10 and just cook at home. But at $5, that could be tempting for them to just eat out.
during a recession, it has been statistically proven that people choose fast food restaurants over other types of restaurants. The fast food restaurants, entertainment, games are the ones that are doing well through a low economy ☝️ But maybe the competition for the raw materials is greater this time...we'll see how Mc Donalds etc. stand against the new rules of the game
Well, they need to increase the wage same as the price increase. Sad part is the higher income people got their raise with inflation they did not raise the wage for middle income and lower income. The end of the day the problem is created by government and corporations and Rich people.
That is a terrible idea. The idea that a DC person can set a price for small town Nebraska is absurd. There are more than enough examples and basic Econ 101 principles that show it would ruin the economy.
Register for my free Investor Summit (August 14 & 15): briefs.co/investor-summit
WARNING: LOOKOUT FOR SCAMS IN THE COMMENTS!
There are many fake accounts impersonating me, and there are many bots promoting fake/scam investments. I will NEVER ask you to contact me through TH-cam comments, telegram, or WhatsApp. I have a checkmark next to my name and my comment will be highlighted. Fake accounts do not have that. Please be aware of fake accounts trying to scam you using my name and picture!
Plenty of upper middle class and middle class Americans eat at McDonalds; it is not only the poor who go to McDonalds. In fact there are probably many more middle class people than poor people eating at McDonalds because the majority of business is from the drive thru's and most poor people do not drive
I'm excited for the investor summit. It lands on my birthday haha.
@@888strummerI think you might have a disconnect on your definition of “poor.”
I know A LOT of poor people that drive.
(Their car payments contribute to their poverty.)
More and more people might face a tough time in retirement. Low-paying jobs, inflation, and high rents make it hard to save. Now, middle-class Americans find it tough to own a home too, leaving them without a place to retire.
The increasing prices have impacted my plan to retire at 62, work part-time, and save for the future. I'm concerned about whether those who navigated the 2008 financial crisis had an easier time than I am currently experiencing. The combination of stock market volatility and a decrease in income is causing anxiety about whether I'll have sufficient funds for retirement.
While keeping your portfolio allocations balanced, de-risk your investments, support your core holdings, and take some gains. Even managed portfolios don't always perform as well as I would advise, so it's essential to get the advice of a qualified fiduciary; my spouse and I find that this works for us. Net of dividends, we have had over 80% capital growth.
That does make a lot of sense, unlike us, you seem to have the Market figured out. Who is this consultant?
My CFA ’Annette Christine Conte’ , a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
Just ran an online search on her name and came across her websiite; pretty well educated. thank you for sharing.
*SEARCH.*
*DONALD NATHAN SCOTT.*
There have been a ton of food trucks with long lines popping up in my little town serving higher quality food for cheaper. It seems like people are still spending money, but patterns are changing. I think that it's partially because of the economy and partially because it's hard to justify spending so much on food that everyone knows is so bad for you. Americans are becoming more health conscious at the same time that they are rejecting fast food pricing. Let's not forget that diet is something more and more people are factoring in when making purchasing decisions, because the unhealthier you are, the more expensive it becomes just to live. Making healthier decisions is partially an economic decision just as much as a health decision.
Yeah they love calling us broke like they’re trying to speak it into existence. We not throwing money but we ite
Food trucks in my area are $$$$$$. I think they're fixing prices :D
Food trucks here charge $17 for a hamburger.
Yes I think McDonalds is just trying to control the narrative by feeding people a preemptive story on why they can't sell food. McDonals has been going under since the corp put in self service kiosk.
And spending power is not your issue, so you're fine. Whatever!
No one wants to spend 15 bucks on a McDonald’s meal no matter how much money they have.
I make decent money, and I will not spend my money at fast food anymore. It’s absurd, but that what happens when min wage gets jacked to $15 per hour. Now what happens is many of these restaurants fold or they cut staff and automate as much as possible. Then, the same people that voted for high minimum wage will gripe about how unskilled labor is being replaced by machines. It’s rather amusing to watch.
We pay about US$4.50 for a Mac Meal in South Africa. Better value to buy from local chains. Why is it so cheap in SA?
US$ is grossly over valued.
So is American labor and American property. Even wages ate Macdonalds can got $15-20/hr. American restaurant property can rent for $15-25 m2 p/m.
It doesn’t help McDonald’s is priced as sit down restaurants now so might as well go to restaurants and get better quality for the same price
Shhhh, they think we're poor.
They assume fast food is the only way we can feed ourselves 😂
They have to pay employees more
@@tthomas4130 Well they lose their MOAT then
@@tthomas4130 they don’t even pay a living wage, so whatever tiny amount of raises is extremely negligible
Why is anyone eating trash fast food. Cook at home. Americans eat so much junk and pay dearly for it in both cost and health.
I grew up dirt floor poor, and as such I did have to learn how to be resourceful and with that learned to save money and stay away from overpriced things, but your education on the financial system which has easily become my most watched thing on TH-cam is such a masterclass, Jaspreet. You break it down in such an easy to understand and mentally digestible manner that it has completely changed how I do things with the money I have saved that turned into the money I invest, how there is a clear difference between those who understand the monetary system and those who don't, and it has been a game changer. I thank you so much for your efforts, wisdom, and rationale on these videos. You sir are amazing.
I wish you the best of luck.
I have gotten such a distain from working long hours chasing money for crap I don't need I retired early and now working part time living a frugal life focusing only on the things I love the most I am not rich by anymeans
McDonalds is trash anyways, can't believe how many folks eat that garbage on a daily basis.
it's fuel for me I cycle and walk for transportation
It was affordable and fast . For hard-working folks !
That's true I'd rather starve 😂
The McGriddle is legendary.
@@jaywyse7150 us cyclist need fuel to cheap fuel at least ours is renewable
Have you researched the ingredients in McDonald's and chic fila foods, there are so many chemicals and additives in it
And they were originally created to profit off of RENT from franchisees, NOT BURGERS! Imagine the long game being played when you realize how much every cost for consumers and restaurant owners has gone up, but how they can keep everything low for them. We’re going to get to a point where “just don’t eat there” isn’t actually going to fix it
I used to get so sick every time I'd squeeze one of those smokey yellow sauce packets onto their chicken sandwich... Loved the taste of that sauce but ultimately stopped doing it because I was guaranteed to get sick.
Are we still doing this "its just inflation" nonsense when we now know that the MAJORITY of the price increases are simply corporate ordered price hikes? A 30K mark up for a pick up truck is not just inflation.
Interest rates went up precisely to cut consumer spending.
Meanwhile on the westcoast, In-N-Out is killing it. Lines are still long. When McDonald's is charging In-N-Out prices, customers rather buy In-N-Out.
Wish they were here in south!
In & Out Burger has turned into shit.
The last time I ate their was my last time ever.
All fast food restaurants should have $5 menu because there food isn't that great especially McDonald's.
i wouldn't eat their burgers even if it was free
@@badboy-gn8fuGuess you never had to eat my old hen's cooking
Micro meals. No food for what you spend.
Well, prices go up & wages go up too.
Obese and overweight people disagree
I am improving income wise but I have a farm. People love my honey which is pretty much liquid gold.
Mickey Ds isn't food... It's a food-like substance.
Ya referring to their product as "food" is very generous. Digestable? Kind of but you can digest saw dust and plastic pellets too but I wouldn't call them food either.
It's pretty disgusting. Never understood when you could go and get a better meal at equal price. Hell- Dairy Queen has buy two sandwiches for $5 and they're a hell of a lot healthier.
ever worked fastfood it's real food frozen patties like you get at the grocery store fresh vegies everything is cooked fresh to order I work at BK
@@christophermoshier Iunno about that there's a lot of particulars here when it comes to ff burgers. Mcds definitely has the worst bun though there's foam in it. All of these places use a lot of corn syrup. Mcds higher end burgers are %100 beef, which is healthy on its own although over cooked
Yah not what it was back in like about 2012. Basically expensive garbage.
Walked right out of Five Guys after seeing how much one burger cost. Grateful for your videos Jaspreet ❤
Seriously! Any place where I’m spending near $40-$50 for two people to eat a simple burger …I’m good. Let that business crash.
The salary they give to the works is ridiculous. They don’t want to make a good living they want to be billionaires.
Five Guys has always been xpensive but you get a lot
@@newmobile1455It is meh. I wasn't impressed.
Most Americans don't have to even think about such prices
People aren’t spending money 💵………they are spending with credit
It's caught up with them is only difference. These people have been living this way most of their lives.
Facts they are lol
How long can that last?
@@KittyKat-vb1ndthat damn avacado toast
So is the federal Government
Debt is only normalized until consumers start refusing to pay exploitative prices. Get yourselves free. Stick to a budget and give a middle finger to anyone who won’t charge fair prices.
That isn’t possible for rent/housing which is most people’s largest living expense.
@@agentsmith404 I'm game!
So true, and what I’ve been doing. Only issue is I end up doing everything myself or not hiring anyone at all. Home Depot quoted me $2,500 to install, just installation of a front door. It took me an hour, and I’ve never done it before. It’s unbelievable so many people pay these prices. I could give a dozen more examples of this…
US dollar is worthless. Printing billions of dollars and handling it away to Ukraine and illegal immigrants. Thus causing the devaluation of our currency
American money is worthless. Printing billions of dollars and handling it away to Ukraine and illegal immigrants. Thus causing the devaluation of our currency
Why lower income people pay for fast food is beyond me. For the price of meal atMD,Burger King etc. I can eat for aweek! I usually buy a half pound of lunch meat ,cheese and a loaf of bread and it's good for a week.
Bullshit comment, lunch meat doesn’t even last a week without spoiling
@@jessehamilton4223false
@@jessehamilton4223 not true. If you are keeping it refridgerated, you can get 5-7 days out of it.
@@jessehamilton4223 Yeah I agree meat does not last forever unless frozen.
@@churchofpos2279 Well that all depends!!!
Raising prices and calling that growth is not how it works. If the one below are not growing the ones above can not expect to grow. They are going to have to lower their expectations. Aka ceo pay...
Nah, they're essentially vampires. They'll turn on each other once they've devoured everything
People who complain about record profits and record CEO pay don’t understand inflation. If the money supply doubles, the price doubles the profits double and the pay doubles. Despite all this the purchasing power all remained the same.
@@starspaceschool587 Well but people not understanding yet have opinions is very common problem IMO.
This is not a surprise to me.
Whats surprising is that were using McDonalds as an economic indicator.. The inmates are running this asylum
Biden has told us the economy is awesome.
@@captngand it is, if you are a homeowner and an investor.
It's actually a great indicator as the Big Mac has been around for almost 60 years and everyone in the World can relate to it.
@@julioblanco yes we get gaslight propaganda from our government.
We vote ...we deserve what we get.
@@captng or are you the gaslit one? 🤔
I think this has more to do with the fact that people are realizing you can go to other places like in n out or any sit down restaurant and get a better quality burger for the same price or less
The Fed announced interest rate rises to crack down on US consumer spending. Voila, it's working. Liars will lie and claim it was an accident if deflation results.
I really dont get it. We are waiting for every single company to grow indefinitely. How is that possible? How much McDonald's can man eat? How many costumers can McDonald's have? How many Facebook users? How is it viable? It is just greed and credit.
fantasy is it
Profit margins through efficiency... you do not need more and more costumers
@@reasonablespeculation3893 companies choose profit margins through enshittification of services.
Q
For infinite growth
You need an infinite number of people
To da moon 🌙 and to Mars and way beyond ✨️
Q❤
They're delusional.
if TH-cam shows me one more Kamala Harris ad I'm going to lose it. Every five seconds....
Gotta spend that 100 milli
The Grift is steam rolling on.
Eat a mint..... it helps tame that taste of throwing up.
😂😂😂 same.... dawg... Same
it's very odd, because we see some restaurants busy and full of people paying the higher prices today! where are they getting their money???
It’s unfortunate, but most people are unconscious spenders they live in the moment and do not practice delayed gratification… we can’t have the well off without the not so well off Somebody to take the loss and it won’t be me
For the past twenty years, I have deliberately avoided consuming fast food. As a result, I have noticed a significant improvement in my overall well-being. I am poor.
McDonald’s hiked their prices. Where is their dollar menu? Everything is almost doubled in price.
Jaspreet don’t forget to tell your audience that government macroeconomic statistics are as Rush used to say: ‘Phony-baloney, plastic banana, good-time-rock-n-roll’
Whatever they (gov’t) say about inflation you know the real number is much or considerably higher
Agreed. Same here in Canada. Whatever the gov't admits to for inflation number you can at least double it. Never trust them, especially when they have so many reasons to fudge it (including all the pensions they have to adjust to inflation). Total fantasy numbers.
In the 1970's CEO's made 20x what their entry level production workers made.
Now CEO's make ~300x what production workers make. Wages havent kept up with inflation since the 1980's when pensions were dropped for 401ks which so employees became responsible for their own retirement.
McD's big mac meal prices follow minimum wage. $20 minimum wage - $20 big mac combo. It'll get worse.
I live in New York City and the cost of living here has skyrocketed. The worst jump in pricing has been apartment rentals.
HYPER INFLATION. Printing billions of dollars and handling it away to Ukraine and illegal immigrants. Thus causing the devaluation of our currency
@@danielkame8455money not to Ukrainian, it is going to us weapons manufacturer 😅 in the name of Ukrainian war
@@danielkame8455 and people still don't get why things were cheaper before 2000 in 91 most every worker made $4.25 in the 80s it was $3.50 and $3.75 and the national debt was 500 billion
And yet the socialites are always out on the town, spending more money each day than some make in a year, seven days a week. Their hair and makeup always perfect
NYC was crazy expensive when I lived there 25 years ago. Now it's straight-up unaffordable. Still love it though!!
Thanks. Question. What would the money system look like if everybody understood the money system much better?
If people keep buying then theres no reason to lower the price.
I cannot attend/see your webinars, it’s during working hours… I was hoping it would be on a weekend, like Saturday morning or so..
At SOME POINT every shareholder can't always make more from every company every year. They have fired so many employees, shrunk their product portions, ignored quality, closed stores, and done every possible thing to show shareholders unrelenting growth but nothing... NOTHING can infinitely grow forever. They have hit the profit ceiling. They can't scrape more money from their workers or customers, they can't cut costs anymore and remain functional. They HAVE TO accept that no business will be always growing forever.
I went to a McDonald’s in Ottawa for breakfast in January 2023 and it was closed as they could not get any staff in 🤷♀️
You’re in Canada. Go to Tim Hortons.
@@d3kingg387Tim Horton's used to actually be a good donut chain in the 80s/90s. Ever since they started shipping in their pre-baked shit all across the country it sucks. I will never understand our Canadian worship of Tim Horton's. Even McDonald's has better coffee now from what I'm told (I can't stand coffee so I have to take others on the quality of it).
That's odd. I'm in Victoria, BC (which is a far higher COL area than Ottawa) and we haven't experienced any of that. I lived in Ottawa from 2013-2020. Loved it there. Beautiful place with high incomes and relatively cheaper real estate.
Treadrau caused that
They didn’t just raise prices through the roof, they cut quality too.
They have to pay the $15/$20 min wage. Just wait until it’s raised in regular restaurants, as they are doing in Massachusetts next year. Half the people here complaining about high prices support high min wage, but they have to realize, they caused it. Can complain about something you helped create. It’s hypocrisy at its best.
I would like to see a video of how much money is going to collections. I see reports of debt going up but what about defaults on debt
Thank you brother for being an honest man! Love your pod cast
Excessive taxes and over regualative beuacracy are sucking the wage earners and businesses into poverty.
The problem all seems to of started right around 2021, hmmm what could it be?
It happened because all of trump’s PPE loans, extra unemployment and stimulus check effects started kicking in.
Wondering If a lot of people doing the work and spending died of a sudden illness
@@croswellianprincess3590got any data on this?
@@querty985 look at the news
Say it Jaspreet, you don't have to pull any punches. The American people and the Government need to hear it!
Oh Jaspreet, you make me blush. 😊 Thanks for the content
McDonald’s is doing bad not because people don’t have money. It’s because people want better quality food and there are way too many places that give that. Also keep in mind that McDonald’s executives got greedy and decided to raise the prices of everything astronomically to the point where people had to judge whether they want to goto McDonald’s and eat the carpet they sell or go to a real burger joint and get quality food
'Raise price astronomically.' I hope you're not talking about California.
That's their own thing. For raising min wage
Wrong most McDonalds are owned by franchise owners who have a very low profit margin after expenses. They have to raise profits to earn a profit. They’re not like the US government who can operate at a net loss every year.
Nah bro, a lot of people literally don’t have money, especially the main McDonald’s consumer; McDonald’s been bad quality eats forever (best tasting fries tho) but haven’t stopped succeeding, those with money are usually more health conscious so they already not eating McDonald’s but everyone else (usually already pretty broke) are now actually broke. The middle class of yesterday feels poor, so imagine the already poor.
Basically, the fast food dopamine rush is now weaker than the financial repercussions the same meal brings!
If the government would quit raising their their their their their their their their their retirements and their paychecks are well overpaid every government employee is well overpaid
If people acted like the didn't have any money, even when they do, prices would be lower and they'd be a lot better off financially.
The fact that companies think they can maintain the profits of a 75% jump is insane.
Chances are, the main reason McDonald's has lost money is the automated machines used to make orders. It's less engaging and removes the social interactions that makes companies like Chic Fil A flourish. Eventhough McDonald's is a far cry away from Chic Fil As engagement and customer service. A lot of people treat McDonald's as a social meeting spot and having the employee/ customer engagement is a necessary component of their past success.
I continue investing every week and this allowed me to retire this year at the age of 45. Ignore the noise and take advantage of opportunities.
Absolutely
between listening to noises and advise . whats the diffrence ?
It’s quality not quantity. I could pay the same amount of money to get a full plate of steak tacos, Spanish rice, and refried beans instead of wasting it on mcgoyslop.
25% increase in food prices is BS. We’re spending 2X what we used to spend a few years ago!
More like 4x. Compared with what I could get for £50 in 2002. 10x.
@@chrishart8548 you’re right. I didn’t want to sound crazy by claiming more than 2X but sometimes we’re spending way more than 2X. 😧
I am not spending 2x or 4x more. I barely notice any increase.
@easy288 lol ok.
Depends on the specific item some hasn't changed at all other items are 1.25x to 5x the price everywhere you go.
Why not mention the truth-- big business demanded mass immigration-- especially from India in order to keep wages low. Nothing has harmed American workers more than importing tens of millions of low-wage workers.
I took a sociology class a long time. One of the things the class showed is how the US has imported cheap labor for centuries. When one of the migrant groups starts demanding higher wages and/or becomes financially successful , then a new group is allowed into the country.
It isn't that we are running out of money. What is happening is money is consolidating to a small group of people and that small group buys within that small group maintaining that money stays where they want it.
Automation and AI is the future and we are not a part of it.
I prefer the whopper F***k the big Mac 😂
Stop call8ng thecrecord profits on consumer goods inflation
Indeed. Just been at McDonald’s yesterday. 40% discount through the app
The $5 footlong was used to destroy compitition also.
in 2018 a chartist said something financial is brewing and it would be blamed on a pandemic or war. We have had/have both (Ukraine war) .. I still think inflation was all planned as they knew what would happen if they pumped a ton of money into the system.
The upcoming changes made by the gov will probably favour the rich.
Own nothing is the game of the world economic forum
What a talking point!! Personally I don’t see the problem with any company to attract as many customers as they can… but I also don’t think broke people should be spending money at restaurants.
Now, broke people we’re spending money but they shouldn’t have been doing that and therefore these restaurants are now making what they should be…
Give me guac, or give me death.
As a Mexican guac is stupid
🥑☠
Not a good indicator for the economy. If people are pulling back on spending.
As a retired vet with a degree in education and now taking social security, I never made a higher income than $52k a year. So when you said in one of your videos that today's middle class makes $75k on average I was wondering what states (or what planets) you were referring to. I am still watching your channel to see if it is worth subscribing. Still looking for a reason. Too many financial advisors out there who think everyone has a high salary to invest.
$75k is the median household income, so that includes two earners for many people
I've recently pivoted to batch prepping slow cooker meals, and then ziplocking individual servings in the freezer for daily use. I'm also looking at other ways to cut spending.
I own a house, have savings, and investments, and also feel the crunch.
Thank you.
Bring back the dollar menu and stop trying to charge restaurant prices at the drive through and then you will have growth.
Are these reduced "sales" for McDonald's from food sales (Royalties) or from their property and equipment lease revenue or from the franchise fees?
Since the introduction of credit cards people have lost the art of delayed gratification. Going into debt for crap they don't need and not sticking to a budget
Some things are beyond your control
They got other locations overseas like in korea, china and japan etc, they have locations more over there then they have here in america and bet you that it taste better and more cheaper to.
Americans still have a lot of money. Consumers are actually consumers than ever before.
Since the Big Mac (and other 'heavy" menu items) has risen in price at 3-4x inflation, I have difficulty justifying sympathy for the largest real estate company that happens to sell low (and getting lower) quality food.
As long as inflation continues, people will continue making better money decisions. Fast food is no longer worth their cost, and they never had value, only convenience!
Well then convenience would be the value. Value isn't strictly monetary
Maybe it has to do with the fact that they’re just greedy and want to make their customers do their job, by refusing to take order over the counter and making you place your own order on a kiosk, hence eliminating the need of that extra person and not having to pay that person the extra check and benefits.
Or many be the fact that you can go to in n out, get a double cheese burger, with just sliced and cooked fries with a drink for about $13 vs McDonalds charging about 30% more while paying their employees minimum wage when in n out starts off their employees at $18..hmm..just a couple of thoughts here 🤨
Mickeydee corporation has lost connect with thier customers..kiosks, quality of food for price..less economic but performance related drop in sales is at heart of problem..! Thus people go somewhere else for quality and value..!
Maybe I don't understand the situation but it seems to me that as more and more people are slipping from middle income to low income and therefore forced to change their dining from restaurants to diners and finally to fast food that fast food joints are in a race to the bottom to capture these new customers.
Subway is now 13 dollar footlong in Fl
Rental's are taking everyone's money. Stop corporations from buying up all the housing. Individuals also need to have a limit on how many properties they can own.
All we can do is take care of our own finances. We cannot worry about all these big chains cutting back. They overbuilt over the past years, and we are top heavy with every chain possible, to where towns all look pretty much alike with chain "everything" lining the roads in America. We weren't concerned as these places sprouted, and we shouldn't be concerned as they close. The jobs they offer will not support you in this economy. It seems that we are being forced, with inflation, to find alternative living arrangements. Whether that is an RV, a van, a car, a room in someone's house, a shared apartment, etc., we can no longer expect to pay for a our own apartment, even with "good" salary. Stop buying new cars, as that will sink your boat. Find your own personal "end run" to this economy. Think outside the box. Don't let the alarmists scare you with all the talk about big closures, because many of them haven't even been here long.
Food prices are still higher than 10 percent inflation, some food prices have doubled since inflation rose.
You're right actually the inflation in food prices is more like 40 to 50% and it's in the core categories such as chicken beef Dairy eggs which by the way is practically what every dish you eat is composed of😂😂😂 did you hear about the Congressional investigation into the beef industry probably not it's a quiet investigation so Congress is investigating the beef producers for price fixing turns out during the pandemic beef manufacturers didn't want to lose money so they all got together and decided not to compete or lower their prices in fact the one thing that steadily Rose and price during the pandemic was in fact beef😂😂😂😂😂😂 the problem for McDonald's and all these fast food restaurants is that the main ingredient for most of their offerings is beef it's hard to run a hamburger restaurant without beef😂😂😂😂😂😂😂😂😂😂😂😂
A family friend owned a dozen McDonalds franchises in the 90’s. He explained to us that with labor costs, they were losing money - or making like a penny - on those 60 cent hamburgers. But they made a ton of money on the fries and soda, after getting people in the door for those cheap hamburgers. The business model has changed, as no one’s excited about $3 crappy hamburgers.
It is the K shaped recovery. If you are on higher branch, things are getting better, if you are on lower, it is getting worse
What do these businesses expect! It’s not just low income but those that see the loss of value in their spending. It’s unsustainable and pathetic for them to be so greedy.
Please stop recording in HDR. It make the video brighter but everything else on my screen is darkened because of it. Its really annoy having to deal with this
Bragg’s olive oil @ Whole Foods was $19.95 in 2019-20. It is now as of this month is $30.95. A quart bottle.
I believe Ca. Gavin Newsome raised the minimum wage up at fast food ( McDonald’s and such) to run them out of business. Who can afford the new prices and pay workers to serve it?
How is there less money in the economy and the quantity of funds created and borrowed and spent on goods and services. The problem in my estimation is the quality of money, since I can spend money but I get less and less, than, to all the free money from the government.
Now my credits cards are zero balance, and I only have a mortgage payment left. Thank God, no more care payment, or the increasing prices would hurt very much. But more money without more goods and services means higher prices, and less value.
I honestly pay with credit most of the time. But I am always on point with my payments!!
Great video.
We’re assuming McDonalds’ food quality is the same as in 2020. Also assuming that consumer tastes have remained the same
Fast food used to be a treat occasionally. Not a daily staple. A lot of people are too lazy to cook meals at home. Healthier and more economical
This is a sign, not just for fast food.
Companies don't want to pay employees. What eventually happens, those same people can't buy things.
Looking at you car dealerships, real estate, luxury items.
Im a nurse used to eat out pretty frequently or order food now i dont at all and just meal prep. Its not worth it to eat out if its 3x the cost
I bet In and out burger is profitable. Quality product and value
It’s not a discount everybody went up on prices and they pushed it and see how we would go. You saw the scam, so I’m not sure if discount is the right word.
Isn’t the idea behind a value deal, to spur more sales? Someone might not eat there for $10 and just cook at home. But at $5, that could be tempting for them to just eat out.
during a recession, it has been statistically proven that people choose fast food restaurants over other types of restaurants. The fast food restaurants, entertainment, games are the ones that are doing well through a low economy ☝️ But maybe the competition for the raw materials is greater this time...we'll see how Mc Donalds etc. stand against the new rules of the game
Well, they need to increase the wage same as the price increase. Sad part is the higher income people got their raise with inflation they did not raise the wage for middle income and lower income. The end of the day the problem is created by government and corporations and Rich people.
All this is design happening is because of the government. They can make laws on how much food or manufacture companies to set a price.
That is a terrible idea. The idea that a DC person can set a price for small town Nebraska is absurd. There are more than enough examples and basic Econ 101 principles that show it would ruin the economy.
A lot of franchises are run by companies that own and operates fast foof franchises
I Personally quit eating at McDonald's and outher fast food to eat healthier food am I part of a larger trend.
It had nothing to do with infatuation
Rich getting richer