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

> When executives across food, restaurants, appliances and fitness are all pointing to the same problem, it suggests something serious: While headline inflation has cooled from its pandemic-era highs, the cost-of-living crisis is still hitting consumers where it hurts. > > According to the Bureau of Labor Statistics (6), food prices in the U.S. have increased 33.3% since the beginning of 2020, while housing costs are up 32.5% (7). Energy prices, meanwhile, have surged 48% (8) over that period.