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Love a good steak? Find out later in this email which two restaurant chains are trying to raise their prices below inflation. |
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💵 Today’s Top Stories |
| | Buying used is Clark’s preferred way for you to save on a vehicle purchase. These cars are the best deal. Read more. |
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| | Clark loves his digital antenna and gets a ton of channels for free. If reducing your expenses is one of your goals this year, this is an easy place to start. Read more. |
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| | It sounds nice: every time you use your debit card, you’re rounding up to the nearest dollar and investing the change. Investing made easy. But what about the fees? Is Stash worth it? Read more. |
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| | Patient portals are becoming more common. They offer convenient access to test results and other medical information. But should you allow permissions if your medical information is sensitive? Read more. |
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📣 Today’s Top News |
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🥩 Americans Loving Inexpensive Steak Right Now |
Love a decent steak at an affordable price? You’re not alone. |
According to a recent Cheesecake Factory presentation, the average check at Texas Roadhouse is just $22. LongHorn Steakhouse wasn’t much more expensive at $26 a person. |
“Affordable luxury,” as CNN calls it, is a hit at the moment. In the first quarter, Texas Roadhouse locations did 8.4% more sales year-over-year. Longhorn Steakhouse locations notched a +4% mark. |
That’s during a period when, as CNN reports, “Americans curtail retail spending and plan to shell out less for vacations this summer. Most restaurant chains are feeling the heat, with even McDonald’s reporting that lower-income customers are pulling back.” |
As other restaurants and fast food chains have raised prices over and over during this period of prolonged higher-than-normal inflation, the two affordable meat-and-potatoes chains “have been trying to raise prices below inflation” and “consistently earn top marks on the American Customer Satisfaction Index.” |
According to the Bureau of Labor Statistics, as CNN pointed out, beef steaks have gone up 5.7% in price year-over-year through the end of May. Perhaps propping up the value of Texas Roadhouse and Longhorn Steakhouse even more. |
If you’d rather have your steak at home, but want to keep your expenses down, Team Clark gives you 22 clever ways to save on your groceries. |
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📊 Stat of the Day |
🫀 98: Age of the oldest American to ever donate an organ. Orville Allen, a World War II veteran, died May 29 when he fell and hit his head. As his family contended with what became a fatal head injury, they were surprised when hospital staff asked whether he’d donate his liver. It got successfully transplanted to a 72-year-old woman. |
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💰️ Deal Alert: Today’s Top Deals |
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🎙️ Podcast |
 | Full Show: Why People Love Ace Hardware and New Way To Save 20% on Amazon |
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There has been a lot of talk about smaller businesses being beaten by the big mega behemoth stores. One exception to that trend: Ace Hardware. Why? Clark explains why Ace Hardware is still around despite competition from big companies like Lowe’s and The Home Dept. Also, if you are someone who has bought Amazon’s electronics brands over the years, Clark has a tip that can help you save on your next purchase. |
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☎️ Need Money Help? |
The Team Clark Consumer Action Center is a free helpline that can help you navigate your money questions. Call 636-492-5275. Visit clark.com/cac for more information. |
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