ECONOMY & WORK
MONEY 101
NEWS
PERSONAL FINANCE
NET WORTH
About Us Contact Us Privacy Policy Terms of Use DMCA Opt-out of personalized ads
© Copyright 2023 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.
MARKETREALIST.COM / ECONOMY & WORK

DoorDasher notices a trend with customers that indicates the economy is pretty bad

She argued that people don't have enough money to spend on delivery anymore.
UPDATED AUG 26, 2024
Photo illustration of a person making a delivery with DoorDash | Getty Images | Photo Illustration by Emily Dulla
Photo illustration of a person making a delivery with DoorDash | Getty Images | Photo Illustration by Emily Dulla

After the July labor market data pushed stocks lower and triggered recession fears in early August, economists have argued that there is no cause for concern. “We still think this is a very positive investment environment," Eric Freedman, chief investment officer for U.S. Bank Wealth Management said in a report.

However, the report from the ground seems to differ. A food delivery driver recently went viral for sharing a trend among customers that indicates things are pretty bad. Ren (@_ren_rose on TikTok) shared a story to show why she thinks the country is headed toward a recession. 

Screenshots from the video | TikTok | @_ren_rose
Screenshots from the video | TikTok | @_ren_rose

The part-time DoorDash said that most people in her area are on a tight budget and are virtually not spending any money on take-out food. In the video, she says that while working for DoorDash one day, there were no orders coming in. 

She says there would have been one order per hour and that too were low pay orders. She then shares that back in 2020, things were vastly different as there were plenty of high-paying orders. "I lived off DoorDash," she said in the video. 

Screenshots from the video | TikTok | @_ren_rose
Screenshots from the video | TikTok | @_ren_rose

She says that she even tried working with Uber Eats and things were the same. She mentions an article she read about McDonald's also struggling with sales as people are not spending money on anything.

This is indeed true as Reuters reported in April that McDonald's witnessed a dip in sales growth for the fourth straight quarter as low-income consumers refrained from eating out. 

Screenshots from the video | TikTok | @_ren_rose
Screenshots from the video | TikTok | @_ren_rose

Another indicator of people not willing to spend money on food was McDonald's $5 value meal being an instant hit, per NBC. "Like we are going somewhere that I am very afraid of," the creator says at the end. 



 

In the comment section, Ren seemed to have sparked a massive debate. Several viewers agreed with the creator saying they had no money to spend on delivery anymore. "In 2020-2022 I was a DOORDASH GIRLYYYYY. Like I was purchasing not delivering... I couldn't tell you the last time I ordered something, I'm broke now," one user @beeankaaaa wrote. 

Screenshot from the comments | TikTok | @rebekahok
Screenshot from the comments | TikTok | @rebekahok

Others argued that it wasn't the bad economy or dwindling budgets, but the exorbitant charges and fees that make delivery expensive. "My daughter and I can sit down and have a meal with roughly $50 at this restaurant we like. If I doordash from that same restaurant my food alone is around $42... it's insane!'" suggested another viewer, @grtl_molina.

Screenshot from the comments | TikTok | @gabrielacampos227
Screenshot from the comments | TikTok | @gabrielacampos227

Turns out, that both arguments hold value. While several fast-food chains have reported a decline in sales and footfall, the cost of delivery has also soared. According to data from Popmenu  Americans are now spending 30% of their monthly food budgets on restaurants, down from 40%, two years ago.

According to a Vox report, the added fees on delivery apps have increased as states like New York City and Seattle introduced new minimum pay laws for delivery workers. This led to the delivery apps adding "regulatory fees," which makes ordering food ever so expensive. Thus, the creator may be both right and partly wrong. 

For more such videos, vlogs, and entertaining content, follow Ren (@_ren_rose) on TikTok.

MORE ON MARKET REALIST
The guest was a friend of the Harrisons and he turned out to be quite the negotiator.
1 hour ago
The guest had an item that was presumably made in the pre-1800s era, which made it valuable.
1 day ago
She had asked for $250,000 when she came and she walked away with close to $400,000.
1 day ago
The showrunners must have had a storm on their hands when they were called out.
1 day ago
Steve Harvey burst out laughing when he heard that answer, as was the case in much of the round.
1 day ago
The guest wanted more than $3,000 for the item but the expert crushed his hopes.
2 days ago
The game even had a twist which saw Drew Carey doing something special for the contestant.
2 days ago
One had to pay attention to catch the error, and the show has a lot of fans like that.
2 days ago
The contestant's nonchalant behavior after answering left everyone on the show stunned.
2 days ago
The host was left red-faced and he even apologized to the contestant later on for his actions.
3 days ago
The guest was not expecting the low valuation of his item given by the expert.
4 days ago
The host perhaps did not expect to hear that answer and was left impressed.
4 days ago
The contestant was over the moon with her victory, which she made look quite easy.
4 days ago
The guest could do nothing more than accept his bad luck, and that is exactly what he did.
4 days ago
The host had his head down and could not even look at the board as the answer was revealed.
5 days ago
Almost all of the answers given were either shocking or hilarious, or both.
5 days ago
The pawn shop owner had doubts about the beverage's condition and was proven right.
5 days ago
The pawn shop owner has always been a big fan of WWII memorabilia and this was no different.
6 days ago
The contestant turned to the audience for help and it paid massive dividends.
6 days ago
None of the three contestants wagered anything in the final round, which was a first.
6 days ago