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Recessionary pressures on food budgets and payment options among working professionals

  • Alan D. Smith
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    Fast-food restaurants have generally benefited from difficult economic times throughout the USA and globally. In an exploratory study in the Pittsburgh, PA metropolitan area of working professionals, it was found that current food preferences, as compared to the previous year, point to less dining-out, increased dining at home, less fast-food consumption, and decreased formal dining; although none of these relationships held for gender biases. Payment options, including electronic ones, do vary somewhat as a function of food choices (more cash and/or debit cards in fast-food outlets as compared to sit-down restaurants), credit card usage has not significantly increased for fast-food restaurants; however, cash is still the preferred method of payment.

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    Article provided by Inderscience Enterprises Ltd in its journal Int. J. of Electronic Finance.

    Volume (Year): 5 (2011)
    Issue (Month): 2 ()
    Pages: 169-208

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    Handle: RePEc:ids:ijelfi:v:5:y:2011:i:2:p:169-208
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