Kevin Roberts remembers when he could get a bacon cheeseburger, fries and a drink from Five Guys for $10. But that was years ago. When the Virginia high school teacher recently visited the fast-food chain, the food alone without a beverage cost double that amount.
Roberts, 38, now only gets fast food “as a rare treat,” he told CBS MoneyWatch. “Nothing has made me cook at home more than fast-food prices.”
Roberts is hardly alone. Many consumers are expressing frustration at the surge in fast-food prices, which are starting to scare off budget-conscious customers.
A January poll by consulting firm Revenue Management Solutions found that about 25% of people who make under $50,000 were cutting back on fast food, pointing to cost as a concern.
I was running between work and meeting friends for drinks last week. Lost track of time and it got past 10pm. On the way home, saw a Burger King drive-in. Haven’t had fast food in years (we eat at home a lot). What the hell.
Two discoveries:
For that kind of money, you can do much better. Lesson learned.
I’ve got a couple of sealed packs of peanuts in the glove box.
Almonds also work really well for an emergency snack.
I also keep a few packs of Poptarts in case my kids lose their minds.
Jerry Seinfeld has joined the chat.