Large chain restaurants like McDonald's are warning that the consumption intention of low-income customers in the United States is declining.
Recently, several large chain restaurants have issued warnings about the slowdown in consumer spending in the United States. With inflation worsening and weak job growth, the U.S. economy is showing significant cracks. Well-known brands such as McDonald's and Chipotle have noted that the willingness of low-income customers in the U.S. to spend is declining. This trend could have a major impact on the overall economy, as consumer spending accounts for about two-thirds of economic activity in the United States. The latest report released on Friday shows that consumer confidence in November fell to its lowest level since 2022, according to data from the University of Michigan. Shortly before this survey was released, data from the New York Federal Reserve Bank showed that U.S. household debt levels have reached a historical high.
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