Reported 2 days ago
Due to rising living costs, Americans are dining out less and opting for simpler, budget-friendly meal options, according to a Bank of America report. Consumers are moving from traditional sit-down restaurants to fast-casual dining and even gas station meals, while also favoring discount supermarkets and smaller food packages. This shift is especially noticeable among lower-income households, leading to a decrease in discretionary spending on restaurants and a boost in sales for value grocery chains.
Source: YAHOO