‘Running out of money’: Kraft, McDonald’s, Whirlpool CEOs all issue same dire warning about US consumers.

[Spiderman]

What does everyone think about this?

It’s all pretty much in the title but they’re saying that consumers are running out of money toward the end of the month and even dipping into savings just to get this stuff (savings for McDonald’s?).

‘Running out of money’: Kraft, McDonald’s, Whirlpool CEOs all issue same dire warning about US consumers. Get ready now

“We’re seeing negative cash flows in the lower-income brackets where they’re dipping into savings.”

finance.yahoo.com

 

[SilverClouds]

Actually can relate, which is exactly why I'm so stressed recently, running at a minus and working on fixing that. Not McDonalds client tho. Earned slightly better recently but now I had to buy 2nd flight ticket (and idk when refund for 1st one will arrive) and also worried about potential visa overstay fee. Also weird limits at EU banks/fintechs don't help, I have serious cash flow issues because I risk account freezes. It's a nightmare. Hope I'll relax during the flight at least.

 

[botboy]

That’s because all of them raised the prices, dropped the quality and then blamed consumers for being bad with money.

They can keep their shitty food and products.