New Study Details Slow in Restaurant Industry

Chain Leader took some time to look at the slowing industry of restaurants. Hitting its lowest point since 1992, the Consumer Confidence Index fell to 57.2% in May. Everyone is seeing the downturn in spending, including the restaurant industry. The largest age group to reduce eating out was 45-54 year olds. This group has cut their spending at restaurants by 60% citing mortgages and college tuitions for the reason of decreased spending. For those who lived in a household making more than $100,000 a year, the study showed that they ate out at lest one more time a week than any other income bracket at 2.3 visits to a restaurant a week.