Record high fast food prices have made consumers increasingly reluctant to spend. Even fast food is becoming unaffordable.

McDonald's is becoming a luxury:

Same-store sales at McDonald's, $MCD, dropped by -1.5% in Q3 2024, more than expectations of a -0.7% decline.

Same-store sales growth is a metric comparing revenue for restaurants open for at least 13 months.

Sales decreased for the 2nd… pic.twitter.com/qXJnt6scfo

— The Kobeissi Letter (@KobeissiLetter) October 30, 2024

Unemployment payments are peanuts & food costs are the highest ever. Do the math.

— Don Johnson (@DonMiami3) October 30, 2024

The Biden-Harris program to crush the middle class is working as planned. pic.twitter.com/tUSF15LNvL

— ᶜʸᵇᵉʳˢᵉᶜᵘʳⁱᵗʸ (@CyberSecurity__) October 30, 2024