Why do people still eat fast food? It’s so expensive now it’s not worth it.
McDonald’s prices are now not much less than eating at a real sit-down restaurant. It’s only about 10-15% more to get substantially better food. Used to be, McDonald’s et al. were half the price or less of a real restaurant, especially if you ordered off the now non-existent dollar menu.
Low-end items have gotten vastly more expensive, while higher-end items haven’t risen as much. The effect of that on the two bottom income quintiles has got to be enormous.
