Why Americans are snubbing McDonald’s and Starbucks | CNN Business

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New York CNN  — 

On the surface, it looks like Americans are laying off the Big Macs, booze and even — gasp! — Starbucks.

Earnings season for major food and beverage companies began just this week, but already we’re seeing how American spending habits are evolving in this era of strong employment, steady wages and cooling inflation.

The upshot: Americans are still happy to spend. It’s what

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