McDonald’s was criticized earlier this year for its high prices when a receipt from a Connecticut restaurant went viral. Worse, a $18 Big Mac combo made things even worse.
This started a discussion on how much a fast food meal should reasonably cost.
According to reports, the cost of fast food increased by around 28% between 2019 and 2023. Although there are a number of reasons for this rise, one thing is certain: customers are getting impatient.
During an earnings call, McDonald’s CEO Chris Kempczinski stated, “Eating at home has become more affordable.” “That low-income consumer is undoubtedly the front line of battle.”
A new $5 lunch offer is what McDonald’s wants to launch in an attempt to win back customers.
The Wall Street Journal reports that this $5 offer will come with fries, a choice drink, four pieces of chicken nuggets, and a McChicken or McDouble. Commencing on June 25th, the campaign is expected to run for around one month.
Even if the transaction hasn’t begun, some clients are still dubious.
“Meal for $5 for just a month? Thank you, but no! Do you intend to entice us in the hopes that we will stay and pay hefty fees? Not at all!
“McDonald’s $5 Meal Deal is the answer to inflation,” the company said.
The McChicken was once available for just $1 on the menu. The $1 menu ought to be reinstated.
In an April call, Kempczinski said, “Consumers continue to be more discerning with their spending as they face elevated prices in daily expenses, putting pressure on the industry.” It is imperative that we prioritize cost for our clientele.
Would you rather eat at home or at another restaurant over a $5 meal bargain at McDonald’s? Post your ideas in the comments section below.
The former president Jimmy Carter lives in a house worth $210,000 and shops at the local Dollar General
On October 1, 1924, James Earl Carter Jr. was born in Plains, Georgia. James Earl Carter Sr., his father, was a prosperous businessman who made investments in farms. Carter was born in the Wise Sanitarium, where his mother, Bessie Lilian, was employed as a nurse.
Young Carter attended the local high school from 1937 to 1941. Motivated by his father’s World War I service in the U.S. Army Quartermaster Corps, he pursued his desire of serving in the armed forces and was accepted into the Naval Academy in 1943.
Carter wrote in the book What Makes a Marriage Last by Phil Donahue and Marlo Thomas that he felt an immediate connection with his wife, Rosalynn. In 1946, following Carter’s graduation from the Naval Academy, the youthful pair tied the knot. Carter gave his all to his family, which now consisted of his wife, four kids, and the family company, after leaving the Navy. He constructed a ranch-style home in Georgia in 1961 for his family; it is currently estimated to be worth $210,000. The Washington Post claims that Carter chose not to leverage his time in the White House into a financial advantage and instead returned to this house after leaving office. “I don’t see anything wrong with it, and I don’t hold it against other people,” he remarked. Simply put, I never really wanted to be wealthy. Carter had sold the peanut company and was deeply in debt, but he was able to maintain a comfortable standard of living because to his $217,000 pension.
According to data from the General Services Administration for the 2019 fiscal year, Carter spent $456,000 on expenses. This is much less than the budgets allotted for other former presidents, like George H. W. Bush, who spent $952,000, and even less than the $1 million that each of Barack Obama, Bill Clinton, and George W. Bush spent.
Furthermore, Carter has been seen often purchasing his clothing from the Dollar General store that is close by. Even when he does travel, he would rather take commercial aircraft over private ones. Following his term as president, Carter continued to teach Sunday school at a nearby Baptist church and at Emory University.
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