Ep. 89 - The Shocking Truth About Food Costs and Inflation

When was the last time you ordered take-out or fast food? Did it hurt your wallet a bit? You’re not alone; the issue of food costs and how it has been impacted by inflation is worrying, and in this episode, we dive into a first-hand account! The main antagonist of today’s story? DoorDash! We unpack the commission model and the differences between ordering via their service compared to in-person and the analytics division, looking at peak ordering hours and traffic and menu prices for McDonald's and Chick-fil-A. All this is more relevant than you think, and after this, you’ll understand how inflation impacts your households. 

Tune in and get some high-level advice on avoiding added costs associated with delivery services by planning ahead and not relying on them, as well as the hidden costs of markups!

[00:01 - 05:16] Exploring the rising cost of fast food and how inflation and delivery Charges impact households

[05:17 - 11:15] Analyzing DoorDash’s rates—80% markup on DoorDash deliveries as menu prices increase 21% from 2021 to 2023

[11:16 - 13:15] Putting America’s debt crisis in perspective to these prices

[13:16 - 19:03] Live example of price markups with Chick-fil-A and how to avoid them

Quotes:

"The reality is prices of food have been increasing at rapid rates before COVID, but definitely during COVID. And then the inflationary measures have also added to it as well." - Quinton Harris

"If I could save 80% on paying for something, am I going to do that? Absolutely." - Quinton Harris

“Whether it's through your Apple Pay, whether it's through any type of service that you use to pay through… they all require some sort of connectivity to a credit card or debit card of some sort. The reality is this is just adding to further debt.” - Quinton Harris

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