Americans say they are scaling back on their fast food intake, and the vast majority considers those on-the-go meals as a luxury due to high prices, a new survey reveals.
Has a trip through the drive-through become an extravagance? The vast majority of Americans says so. A recent survey conducted by LendingTree found 78% of consumers now consider fast food to be a "luxury" purchase due to how expensive the meals have become. Half of those polled said they view fast food as a luxury because they’re struggling financially. This is especially true among Americans who make less than $30,000 a year , parents with young children , and Gen Zers .
Sixty-three percent of those surveyed agreed fast food should be cheaper than eating at home, but 75% say that is not the case. Nearly half of Americans say a meal at a fast-food restaurant costs about the same as one at their local sit-down restaurants, and 22% said fast food is actually more expensive. Fast-food price hikes have outpaced inflation in recent years. Data from the Federal Reserve Bank of St.
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