how money works uncut

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Article – https://www.axios.com/2025/05/01/mcdonalds-restaurants-fast-food-recession-starbucks

Books we recommend – https://howmoneyworkslibrary.com/

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#business #finance
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Fast food has never been GOOD food, but it was a quick, easy, reliable and cheap way to get a meal that appealed to people who were time poor… or just well… you know… actually poor…
Mass layoffs, increasing economic uncertainty, deferred student loan payments kicking in and spiking levels of consumer debt SHOULD be the perfect opportunity for these cheap offerings to bring in customers who don’t have much money to spare, but still want to eat.
For a long time companies like McDonalds, Dominos, KFC, Taco Bell and Wendy’s were considered “recession proof” because even in the most dire of circumstances people still need to eat, and the companies typically offered the best exchange rate of dollars to calories in the market.
But that’s changed.
In a business move that can only be described as… confusing… These brands have responded to cost conscious, busy and desperate consumers by becoming more expensive, slower and less reliable…
Unsurprisingly sales across the industry have plummeted at a time when they SHOULD be outperforming.
It would almost be comical if they weren’t collectively some of the largest employers in the country.
However the McRessession has been caused by more than some management missteps, it’s a clear sign of some much bigger problems in the wider economy.

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Books we recommend – https://howmoneyworkslibrary.com/

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My Other Channel: @HowMoneyWorksUncut @HowHistoryWorks

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Music Courtesy of: Epidemic Sound

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#australia #wealth #money

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Every year up until its collapse, Credit Suisse would prepare a report that looked at how wealthy the people of countries around the world were.
Instead of just looking at GDP per capita which calculates how much the average person in an economy produces in market output every year, this report attempted to calculate the net worth of those people to see how good they were at accumulating wealth over time.
Someone with a high income that is spending everything they make on rent and overpriced food isn’t going to grow their wealth as quickly as someone who has a more modest income, but is paying off their own home and is investing diligently into retirement accounts.
I like to call this the San Fran Tech Bro Conjecture.
But according to these annual reports the Australian people always looked like that second group of slower more deliberate wealth builders.
Their raw income isn’t as high as here in America, but they were consistently some of the wealthiest people on the planet.
UBS, which absorbed Credit Suisse following its collapse, recently released the 2024 report and once again Australians had the second highest MEDIAN net worth on the planet.
They only fell behind Luxembourg which is a European Micronation which you are probably not in the tax bracket to even be aware of.
The fact that this report tracks the MEDIAN instead of the average net worth is also really important.
This means that the Australian right in the middle of a line up from richest to poorest is more than TWICE as rich as an American in the same position…

how money works uncut

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