Wednesday September 19, 2018

Fast Food Habits of Americans

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Americans include fast food in their daily food habits.
Fast Food. Pixabay
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It’s no secret that Americans have a taste for fast food. In fact, almost one in four Americans eats it daily, according to a report from CBS News. However, the amount of fast food consumed varies depending on the region, according to a new report from Texas-based Datafiniti, which broke down some of the data about Americans fast food habit.

For example, the central and southern states boast the highest concentrations of fast food restaurants per capita, with Alabama as the state with the most. The northeastern states have the fewest and are led by Vermont, New Jersey and New York.

“The Central region, at 4.5 fast food restaurants per 10K residents, has the highest number of fast food restaurants per capita,” the company wrote in a news release. “The South is close behind with 4.4. The Eastern region has the fewest with just 2.5 fast food restaurants per 10K residents.”

Alabama has 6.3 restaurants per 10,000 residents, the most of any state. Of the top 10 states, nine were in the South. Nebraska and Indiana were the only non-southern states in the top 10 with 5.4 and 5 restaurants per 10,000 residents respectively.

Vermont, for example, has only 1.9 fast-food restaurants per 10,000 residents. Orlando, Cincinnati and Las Vegas boast the highest number of fast food restaurants per capita, with New York having the fewest. California has four cities among the top 10, with the fewest restaurants.

McDonald’s, which is the second largest chain of fast food restaurants, can be found in every American city, and Orlando and Las Vegas have the most per capita with 20.9 and 13.9 McDonald’s per 100,000 residents.

What is the largest fast-food chain? Subway, which has 18.5 percent of all fast food restaurants. McDonald’s has 11.3 percent. Behind them, in third, is Burger King, which has 5.7 percent.

Also Read: STUDY – Americans Online Almost Everytime

“Southern and Central states are the place to go if you love fast food; head to the East or out West if you don’t,” Datafiniti wrote. “Southern cities have abundant options for fast food, particularly in Florida; head to California if you don’t want to eat on the go.

“As for McDonald’s, it appears that this major restaurant chain has spread to every corner of America. Head to California if you don’t like the golden arches, and head basically anywhere else if you do.”  VOA

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Saudi Arabia’s Sovereign Fund Invested $1 Billion In An American Electric Car Manufacturer

Saudi Arabia's 33-year-old Crown Prince Mohammed bin Salman has talked about using the PIF to help diversify the economy of the kingdom.

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Derek Jenkins, VP of Design at Lucid Motors, introduces the alpha prototype of the Lucid Air at the 2017 New York International Auto Show in New York City. VOA

Saudi Arabia’s sovereign wealth fund invested $1 billion Monday in an American electric car manufacturer just weeks after Tesla CEO Elon Musk earlier claimed the kingdom would help his own firm go private.

Tesla stock dropped Monday on reaction to the news, the same day that the Saudi fund announced it had taken its first loan, an $11 billion borrowing from global banks as it tries to expand its investments.

The Saudi Public Investment Fund said it would invest the $1 billion in Newark, California-based Lucid Motors.

Lucid Motors
Lucid Motors. Flickr

The investment “will provide the necessary funding to commercially launch Lucid’s first electric vehicle, the Lucid Air, in 2020,” the sovereign wealth fund said in a statement. “The company plans to use the funding to complete engineering development and testing of the Lucid Air, construct its factory in Arizona, enter production for the Lucid Air to begin the global rollout of the company’s retail strategy starting in North America.”

Lucid issued a statement quoting Peter Rawlinson, its chief technology officer, welcoming the investment.

“At Lucid, we will demonstrate the full potential of the electric-connected vehicle in order to push the industry forward,” he said.

The decision comes after Musk on Aug. 7 tweeted that he had “funding secured” to take Tesla private. Investors pushed Tesla’s shares up 11 percent in a day, boosting its valuation by $6 billion.

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There are multiple reports that the U.S. Securities and Exchange Commission is investigating the disclosure, including asking board members what they knew about Musk’s plans. Experts say regulators likely are investigating if Musk was truthful in the tweet about having the financing set for the deal. Musk later said the Saudi Public Investment Fund would be investing in the firm, something Saudi officials never comment on.

Meanwhile Monday, the sovereign wealth fund known by the acronym PIF said it had taken its first loan, an $11 billion borrowing. It did not say how it would use the money, only describing it as going toward “general corporate purposes.”

Also Read: Electric Cars: The Newest Trend in India

The Las Vegas-based Sovereign Wealth Fund Institute estimates the Saudi fund has holdings of $250 billion. Those include a $3.5 billion stake in the ride-sharing app Uber.

Saudi Arabia’s 33-year-old Crown Prince Mohammed bin Salman has talked about using the PIF to help diversify the economy of the kingdom, which relies almost entirely on money made from its oil sales. (VOA)