America loves fast food. Admittedly, part of my household budget does go to a little fast food during the month. It isn't about taste and quality. When I visit a fast food establishment, I generally assume that the product is just going to be about sustenance. In other words, nutrition will be lacking. Is the obesity trend in America the fault of fast food restaurants? I will say partially. Now that certain chains are going to start delivering , the trend could get even worse. In the long run, fast food delivery is going to cost me money.
The cost of health care
As we move closer and closer to universal health care, we are ultimately talking about a shared cost. In other words, the nation as a whole is going to share the burden of our overall expenditures. Translation? If other people are continuing to maintain unhealthy habits, I will share the cost of paying the bills that result from this habit. Granted, I will certainly take advantage of the health care system if I get sick or injured, so it isn't like I am paying for something that I will not utilize. However, I see fast food continuing to add to the cost, which will get passed on to me at some point.
A tempting convenience
Why do we do this to ourselves? Convenience. Admittedly, our household is busy. However, we work hard to cook at home and sit around the table. That may be a decreasing trend, but this isn't complicated. Even "value" menus are ultimately more expensive than cooking at home. People just don't want to commit the time. Personal finance is about discipline, which means resisting companies that will do everything in their power to take advantage of the weaknesses in humanity.
Get up and move, people!
This is a tough part of saving money these days. How do you discourage people from buying fast food? Can I go up to people and say, "Hey there, you're going to cost me insurance money at some point?" Not exactly. To fully condemn fast food would be hypocritical at this point because I will stop by for a juicy burger every so often. Still, this news is not good news when it comes to consumer finance. We can't help ourselves, and fast food delivery is not going to help. The impact is subtle, but eventually these delivery services could impact my insurance premiums.
Put down that burger if you want to save on insurance costs.
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More from this contributor:
- Consumer Discretionary
- fast food restaurants