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Updated · MCA · May 11PwC Says 40% Plan to Dine Out Less as Consumer Sentiment Hits 3-Year Low
2 articles · Updated · MCA · May 11
- Forty percent of consumers say they plan to cut restaurant spending, according to PwC's latest report.
- Consumer sentiment in the survey fell to its lowest level in three years, reflecting rising anxiety over the economy.
- War in the Middle East also weighed on households, adding to pressure on discretionary spending such as eating out.
As household budgets shrink, will this crisis permanently change American spending habits and lifestyles? Are 'mini meals' a temporary trend or the new reality for restaurants facing shrinking consumer budgets? Beyond stabilizing energy routes, what is the diplomatic endgame for the escalating conflict with Iran?