More than 60% of all purchases last year were made with a credit or debit card, according to the Federal Reserve. That’s up from 45% in 2016.
One issue: Managing the cost of repaying COVID-era loans that they took out to survive in 2020 and 2021.
Sales and hiring have dropped in the restaurant industry amid harsh weather conditions and economic uncertainty.
Consumers spent 1.5% less than they did in January. Is this a worrying sign for the economy?
Many restaurants are leaning more into takeout, which allows the same number of staff to produce more meals.
The average American puts about 60% of their food budget toward groceries and 40% toward eating out, according to Circana.
Fans are choosing to entertain at home rather than going out to watch the game.
24-hour diners have been disappearing in New York. Reporter Priya Krishna worked the graveyard shift at one that reopened and found it very lively.
Burger chain Shake Shack just announced plans to expand to 1,500 stores. The fast casual sector is growing much quicker than other parts of the restaurant industry.
Many family-owned eateries are built on tradition. This time of year, they host tradition-seeking regulars coming in for holiday get-togethers.