Feeding the family in an era of Washington mismanagement.
by James Freeman
The Wall Street Journal
“McDonald’s Seeks to Make Menu More Affordable for Inflation-Weary Consumers,” reads a Journal headline today. Sometimes folks in the restaurant industry refer to such consumers as “price-weary.” However they are described, parents on a budget are tired of having to send too many dollars chasing after too few burgers. The Journal’s Heather Haddon reports:
McDonald’s said consumers across the globe are tightening their spending as the burger chain reported lower-than-expected quarterly sales growth.
Executives said Tuesday that economic pressure is building on consumers, resulting in declining restaurant visits across the industry. McDonald’s for months has warned of a weakening economy, but executives said the headwinds so far this year are steeper than previously anticipated…