Quote:
Originally Posted by LeeH
My brother-in-law was an area and regional restaurant manager for years. My nephew managed restaurants for years. Together they lost most of my sister and BIL's retirement savings when they opened a restaurant of their own. Now in her mid 60s, my sister works in her local church office to pay the bills.
Did you see this news today?
"The move by S&A underscores how economic weakness and rising costs in the United States are squeezing mid-tier restaurants. Many of those restaurant chains have grappled with higher food and labor costs while U.S. consumers are trying to cope with higher grocery and gas bills." |
Yeah- I haven't eaten at one of those restaurants in years so I could see that.
How are the upper end restaurants doing? I would think they would be feeling it too...