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Rich Americans flock to fast food
Yahoo Finance ^ | Monday February 28, 2011 | Jessica Dickler

Posted on 02/28/2011 2:11:14 PM PST by wbill

When it comes to cutting back, the rich are learning a little secret the rest of us have always known: fast-food is cheap and good (if not good for you).

Quick service restaurants, such as McDonald's and Subway, saw a bigger rise in spending by ultra-affluent consumers than any other restaurant type last year, according to the most recent data by American Express Business Insights.

Lori and Santiago Riviere are among those that have recently been turned on to fast-food dining.

They call themselves "dinks" -- as in dual income no kids. She's an attorney, he works in finance and together they make "well over six figures." Still, she says the recession has changed her mindset about spending.

(snip)

"I think it's a sacrifice, but when you have to choose between that and a pair of Jimmy Choos, I'm going to choose the Jimmy Choos." (snip)

(Excerpt) Read more at finance.yahoo.com ...


TOPICS: Chit/Chat; Food
KEYWORDS: fastfood
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Posting to see what kind of commentary this gets. Especially the bolded money quote... I feel like $40 on a pair of new sneakers (that I wear more or less everyday) is a spending spree.

Truly, these people live in their own world.

1 posted on 02/28/2011 2:11:17 PM PST by wbill
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To: wbill

I taught this “dink” stuff twenty years ago at a college. It isn’t new. But if the rich have to start eating at McDonalds and driving used cars at six bucks a gallon, maybe they’ll have their boy president go play somewhere else. We can hope.


2 posted on 02/28/2011 2:15:32 PM PST by Luke21
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To: wbill

Nobody knows how to cook anymore? Leftovers are real cheap.


3 posted on 02/28/2011 2:16:26 PM PST by Clock King (Ellisworth Toohey was right: My head's gonna explode.)
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To: wbill

My kids quit eating fast food 3 years ago, on a dare from me. It has been tough at times, but we always find a way to eat a little bit better...and almost always cheaper.

Now, driving by a McD, the smell is almost enough to make all of us sick.


4 posted on 02/28/2011 2:16:37 PM PST by LearnsFromMistakes (Yes, I am happy to see you. But that IS a gun in my pocket.)
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To: wbill

Don’t understand why fast food is so “bad.” All of the places have low calorie choices but personally, I like two plain double burgers with NOTHING on them. I’ll bet they’re no worse than if you made them at home.


5 posted on 02/28/2011 2:17:32 PM PST by GunsareOK
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To: wbill

Call me ignorant, but I have no idea what Jimmy Choos is/are. And I like the occasional quarter pounder with cheese or Big Mac. (but it is a treat, not a sacrifice...)


6 posted on 02/28/2011 2:17:52 PM PST by NEMDF
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To: wbill

Subway is awesome.


7 posted on 02/28/2011 2:18:04 PM PST by petercooper (Purge the RINO's.)
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To: wbill
fast-food is cheap and good (if not good for you).

Bullshiite. For the same price one would pay at McDonalds for a Big Mac, a shake and a large fries, I could EASILY eat for an entire week. You just have to know how to cook a little. Fast food is not cheap anymore. Now, that's not to say one cannot eat cheaply at a fast food joint. But what they advertise on menu placards as Value Meals are nowhere near that at all.

8 posted on 02/28/2011 2:19:59 PM PST by Bloody Sam Roberts (Tyrants flourish only when they achieve a standing army, an enslaved press, and a disarmed populace.)
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To: Luke21
My wife and I were "dinks" (you're right, it's not a new term) for a few years. The article is right about one thing, we were never richer, financially, then during that period of time.

We didn't drop it on Jimmy Choos (I'm assuming those are shoes of some sort) though. Fools and their money....

9 posted on 02/28/2011 2:20:21 PM PST by wbill
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To: Bloody Sam Roberts

“For the same price one would pay at McDonalds for a Big Mac, a shake and a large fries, I could EASILY eat for an entire week.”

You can eat for a week on $8? Really?


10 posted on 02/28/2011 2:22:30 PM PST by Mashood
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To: wbill
.....Riviere says they order take out most evenings instead of dining out in order to save some extra money for luxury goods.....

Why not do something radical--learn to cook. The food is usually less expensive than take-out, tastes better, gives you more variety, and you know what's in it. You can even learn how to make meals that take about 30 minutes to prepare.

11 posted on 02/28/2011 2:23:41 PM PST by Honorary Serb (Kosovo is Serbia! Free Srpska! Abolish ICTY!)
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To: wbill

Evidently this “dink” couple prefer to eat out anywhere, every day, then eat out somewhere where the food and abience are appealing, on occasion. They sound utterly obnoxious with their Jimmy choo’s and their So. California palate. What snobs.


12 posted on 02/28/2011 2:24:12 PM PST by sueuprising (The best of it is, God is with us-John Wesley)
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To: wbill

Ruin your body while preserving your gorgeous other possessions. I would think pure vanity would prevent this, if nothing else. Healthy people are better looking.


13 posted on 02/28/2011 2:25:10 PM PST by dinoparty
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To: wbill

Subway is great if you’ve got $5 to spend. In fact... you guys got me hankering for a Spicy Italian on Italian herb and cheese. BRB! :)


14 posted on 02/28/2011 2:25:48 PM PST by MarineBrat (Better dead than red!)
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To: wbill

Fed my family of four on a large round steak, gravy w/ spaghetti, corn and rolls last night and spent MAYBE $10 on the whole meal!


15 posted on 02/28/2011 2:26:10 PM PST by trillabodilla (Jesus Saves)
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To: wbill

I could use an In-N-Out burger Animal Style right now, but have to wait until they build more here in Texas.


16 posted on 02/28/2011 2:27:15 PM PST by lormand (A Government who robs Peter to pay Paul, will always have the support of Paul)
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To: wbill
~ $800 (/pr, I assume):


17 posted on 02/28/2011 2:29:19 PM PST by Paladin2
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To: NEMDF

Choos are designer shoes that start at $500 a pair. That’s a lotta hamburgers.


18 posted on 02/28/2011 2:32:21 PM PST by ponygirl
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To: trillabodilla

Feeding my family of 7 on homemade chicken and dumplings tonight for less than $3 total. There will be leftovers for one or two tomorrow, too. :0)


19 posted on 02/28/2011 2:37:03 PM PST by samiam1972 ("It is a poverty to decide that a child must die so that you may live as you wish."-Mother Teresa)
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To: GunsareOK

I eat them the same way and I also like the wendys dollar salad on the cheap.


20 posted on 02/28/2011 2:39:39 PM PST by MaxMax
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To: wbill
I guess my mind works the opposite. There's a mall near me that has a Subway and a mom-and-pop sandwich shop.

I can get a twelve inch substandard sub at Subway for $5 or an authentic Italian grinder that is a thing of beauty for $10.

Screw subway. I'll buy some $20 Reeboks at Sports Authority instead of Jimmy Choos.

21 posted on 02/28/2011 2:41:18 PM PST by who_would_fardels_bear
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To: Bloody Sam Roberts
For the same price one would pay at McDonalds for a Big Mac, a shake and a large fries, I could EASILY eat for an entire week.

Maybe if you ate only cooked dried beans, rice or plain macaroni with no sauce. You sure can't buy a week's fresh salad vegetables for that money, much less a week's balanced meals.

22 posted on 02/28/2011 2:44:46 PM PST by Bernard Marx
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To: petercooper

It is. Especially their new Rasberry Cheesecake cookies.


23 posted on 02/28/2011 2:44:54 PM PST by Perdogg (What Would Aqua Buddha do?)
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To: LearnsFromMistakes
Now, driving by a McD, the smell is almost enough to make all of us sick.

Sure it is. We all know you can smell McDonald's food out in street in a passing car. And those french fries they sell, stink to high heaven no matter where you are. Such a foul odor.

24 posted on 02/28/2011 2:46:02 PM PST by Minn
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To: wbill

Invest in the medical industry now. The rich will have plenty of money to spend fixing the damage caused by eating too much fast food.


25 posted on 02/28/2011 2:50:38 PM PST by Waryone (RINOs, Elites, and Socialists - on the endangered list, soon to become extinct.)
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To: samiam1972
Feeding my family of 7 on homemade chicken and dumplings tonight

I'll be right over. :-)

Mrs WBill has an easy crock-pot based recipe. She doesn't make it nearly enough, IMHO.

26 posted on 02/28/2011 2:53:56 PM PST by wbill
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To: LearnsFromMistakes

Cheap processed food with very little nutrional value (I don’t care what they say). Meat don’t taste like meat. Bread (buns) don’t taste like bread, cheese, EVERYTHING else too looks great, tastes like cardboard.....NEVER eat there. I’ll give them this. The mustard and ketchup, pickles are probably real - onions-dehydrated, chopped, probably old as dirt.


27 posted on 02/28/2011 2:55:09 PM PST by Gaffer
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To: Bloody Sam Roberts

Dollar menu rules. When I’m in a hurry, I can pick up 3 double cheesburgers to get me through the day, for about 4 bucks. No fries. No shake. Side orders are for wimps!


28 posted on 02/28/2011 2:55:20 PM PST by Huck (Only 1,967 years until the Reign of Dr. Zaius!)
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To: NEMDF

I don’t consider the QP ir Big Mac a treat as much as an acceptable alternative in a time crunched day.

There definitely better burgers out there, I may not have the time to pursue them. And no Burger King, and Wendy’s are not on the list.


29 posted on 02/28/2011 2:57:06 PM PST by Ouderkirk (Democrats...the party of Slavery, Segregation, Sodomy, and Sedition)
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To: Clock King

Exactly. This is a load of crap. An Egg McMuffin meal is $5.00. A #2 container of generic whole oats is $1.19. Those oats will feed my family breakfast for a week, and I can also use the oats as ingredients in other dishes.


30 posted on 02/28/2011 3:01:40 PM PST by goodwithagun (My gun has killed fewer people than Ted Kennedy's car.)
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To: Gaffer

Plus fast food restaurants buy from Beef Products, Inc., who add wholesome ingredients like ammonia to their beef.

http://beefproducts.com/
Check out the bottom of the screen.


31 posted on 02/28/2011 3:05:07 PM PST by goodwithagun (My gun has killed fewer people than Ted Kennedy's car.)
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To: wbill

$800 may be Jimmy Choo shoes to some, but it’s an acre of land to others. I’ll bet the land lasts longer.


32 posted on 02/28/2011 3:10:44 PM PST by blueplum
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To: Clock King
Nobody knows how to cook anymore?

You'd be surprised to find out how many people don't know the basics of cooking themselves a healthy meal.

33 posted on 02/28/2011 3:12:48 PM PST by randog (Tap into America!)
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To: wbill

Sort of like the gal at the swimming pool in that Amazon Kindle ad: “I spent more on these sunglasses.”

Whooptiedooo!

You got ripped off.


34 posted on 02/28/2011 3:13:36 PM PST by TomGuy
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To: Mashood
You can eat for a week on $8? Really?

Perhaps he meant "graze"...?

35 posted on 02/28/2011 3:14:28 PM PST by randog (Tap into America!)
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To: GunsareOK
Don’t understand why fast food is so “bad.”

It's not, in moderation. The only thing I ever get at McDonald's is a fish sandwich; too much goop on the burgers. Wendy's or Checkers for a cheeseburger; KFC or Popeye's for chicken; Arby's or Subway when available. Plenty of options. Perfectly fine, once or twice a week.

36 posted on 02/28/2011 3:15:38 PM PST by sphinx
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To: goodwithagun

White Castle does their own beef processing.
They have a plant near where I live in Indiana.


37 posted on 02/28/2011 3:15:37 PM PST by nascarnation
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To: Honorary Serb
You can even learn how to make meals that take about 30 minutes to prepare.

I realized that when I lived in Ft. Worth area. It would take longer to get through the drive-thru at most fast food places than it would to cook the meal at home.
38 posted on 02/28/2011 3:17:03 PM PST by TomGuy
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To: wbill

More victims of the Baraqqi Depression.

and don’t forget the 17 million added to the food stamp (EBT) ranks in the last 24 months.


39 posted on 02/28/2011 3:17:22 PM PST by nascarnation
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To: wbill

Jimmy Choo shoes, who has that women’s shoe ping list?


40 posted on 02/28/2011 3:19:08 PM PST by kalee (The offences we give, we write in the dust; Those we take, we engrave in marble. J Huett 1658)
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To: randog

I want to see his meal plan.

I’m going to try it this week. I think I can come close, but I don’t think I can do it for 8 bucks.


41 posted on 02/28/2011 3:19:08 PM PST by BenKenobi (Don't expect to build up the weak by pulling down the strong. - Silent Cal)
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To: Paladin2

It would certainly be worth $800 to see Sarah Palin in a red pair of those. :-)


42 posted on 02/28/2011 3:20:19 PM PST by Hardastarboard (Bringing children to America without immigration documents is child abuse. Let's end it.)
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To: wbill

LOL. So now the rich can load up on fast food and be lard-asses like the rest of us.


43 posted on 02/28/2011 3:21:16 PM PST by Opinionated Blowhard ("The time will come when Winter will ask you what you were doing all Summer" -- Henry Clay)
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To: goodwithagun

Some people can’t live without protein in the morning, so let’scome back to the McMuffin.
At my local Aldi’s I can get
$0.99 - 6 english muffins
$1.19 - 1 dozen eggs
$0.99 - 12 slices american cheese

That works out to a unit price of about 30 cents per “Egg McMuffin” and about three minutes of my time. For $3.99 I can buy 18 precooked sausage patties (no filler!), bringing myself up to 56 cents for a Sausage and Egg McMuffin that retails for about two bucks. Aldi’s Hashbrown patties cost about ten cents, and the very nice coffee I brew for my husband costs 44 cents for 16 ounces.

In short, the homemade version tots up to about $1 for everything. That’s what I call an extra value meal.


44 posted on 02/28/2011 3:23:45 PM PST by Eepsy
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To: wbill

I can get my grocery bill to $20/ week if I must. PB & J, chicken thighs and drumsticks, carrots, apples potatos, etc... Nothing fancy, just portion control and cheap food.


45 posted on 02/28/2011 3:26:05 PM PST by Flying right
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To: wbill

My wife and I were dinks for several years. I had no idea we were RICH!!


46 posted on 02/28/2011 3:26:32 PM PST by CommieCutter (I'll get an internet ID when Obama shows his birth certificate.)
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To: Flying right

If that bill just for you or you and others?


47 posted on 02/28/2011 3:29:36 PM PST by CommieCutter (I'll get an internet ID when Obama shows his birth certificate.)
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To: Hardastarboard
They are apparently only sold in Black and Nude (my term of art).

It'd cost extra to get a dye job.

48 posted on 02/28/2011 3:31:01 PM PST by Paladin2
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To: LearnsFromMistakes

We’re empty nesters now and if my husband goes out early on Sat AM to the hardware store, he may stop at McDonald’s and bring home pancakes with sausage. It’s an occasional treat.
We eat it maybe once a month.
Same with Chick Fil A, we go there very rarely, usually when I have a dr appt. Her office is across the street, I go fastings so we have lunch there after my appt.
Subway once in a great while, same with Arby’s.
LOL My daughter in law’s family own KFC and Arby’s restaurants.
If we have Arby’s it’s when we visit them.
Hamburgers at McD;s, Wendy’s or the others never. I prefer hamburgers at home! I don’t even like Five Guys.
KFC never for me, but my husband goes there once in a while if he wants fried chicken. I do NOT fry it.
All in all I would say we have fast food once or twice a month and we are selective.


49 posted on 02/28/2011 3:32:32 PM PST by kalee (The offences we give, we write in the dust; Those we take, we engrave in marble. J Huett 1658)
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To: wbill

I like reading the responses to columns like this because I can learn so much from the FReepers how to save dollars on buying foods and eating healthy! Thanks y’all for the comments.


50 posted on 02/28/2011 3:33:55 PM PST by Buddygirl
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