this post was submitted on 05 Jun 2026

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

submitted 3 months ago by yogthos@lemmygrad.ml to c/news@hexbear.net

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[–] WhatDoYouMeanPodcast@hexbear.net 69 points 3 months ago (5 children)

Cahillane said that the industry has endured years of “volume degradation” because consumers had to absorb “too much price.” Another inflation shock, he warned, is the last thing households need.

I cannot stand corpo cant

According to the Federal Reserve Bank of Minneapolis (9), $100 in 2026 had the same purchasing power as just $11.74 did in 1970.

Fucking grim

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[–] marxisthayaca@hexbear.net 32 points 3 months ago

I hate this so fucking much. SO FUCKING MUCH.

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[–] barrbaric@hexbear.net 25 points 3 months ago (3 children)

Oh well I'm sure that salaries also rose by 9x in that time, right?

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[–] context@hexbear.net 5 points 3 months ago (2 children)

yes, the u.s. national wage index was about $6k in 1970 and about $70k in 2024, which is the last year the social security administration has reported the wage index

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[–] infuziSporg@hexbear.net 4 points 3 months ago (1 child)

This doesn't seem like a good representation, I think it has capital gains wrapped in.

This source looks like it takes just the wages people are being paid, and it goes from $4.44 an hour in 1979 to $20.03 in 2024.

I remember checking a year or two ago that the median worker earned around $45k, with a bunch of financial sleight-of-hand making up the dofference between this and the per capita GDP.

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[–] context@hexbear.net 2 points 3 months ago

fair, and the inflation number also includes a bunch of financial sleight-of-hand. i don't think it includes healthcare, education, and housing, which have all grown significantly faster than the baseline inflation.

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