Dream Wired
No Result
View All Result
  • Home
  • Celebrity
  • DramaAlert
  • Gossip
  • Movie
  • TV
  • Music
  • Comics
  • Shop
  • Home
  • Celebrity
  • DramaAlert
  • Gossip
  • Movie
  • TV
  • Music
  • Comics
  • Shop
No Result
View All Result
Dream Wired
No Result
View All Result
Home DramaAlert

Kellogg’s CEO Suggests Cereal for Dinner as Families Face Rising Food Costs • Hollywood Unlocked

rmtsa by rmtsa
February 29, 2024
in DramaAlert
0
Kellogg’s CEO Suggests Cereal for Dinner as Families Face Rising Food Costs • Hollywood Unlocked
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter


You might also like

Netflix’s ‘The Truth About Jussie Smollett?’ Shatters Social Media

‘ I’m A Man With Great Common Sense, I’m A Smart Person’

‘Love Island USA’ Reunion, Amaya and Bryan Address Cheating Rumors

With Americans dedicating more of their income to food than ever in the past 30 years, Kellogg’s CEO Gary Pilnick has sparked a heated debate with his unconventional solution: cereal for dinner. During a CNBC interview on “Squawk on the Street,” Pilnick’s comments quickly became a focal point of discussion on social media.

RELATED STORIES: Whew! Kanye Continues To Call Out Adidas’ For Dropping New Yeezy’s

Pilnick highlighted cereal’s affordability, stating, “the cereal category is a place that a lot of folks might come to because the price of a bowl of cereal with milk and with fruit is less than a dollar.” This economical option, he suggests, is a viable alternative for those feeling the financial pinch. The suggestion raised eyebrows when CNBC anchor Carl Quintanilla questioned whether promoting cereal as a dinner option could be perceived negatively. Pilnick remained optimistic, citing Kellogg’s data to support his stance. According to their findings, cereal is not just a breakfast staple but also a popular choice for dinner or snacks, with 25% of consumption occurring outside breakfast hours. “Cereal for dinner is probably more on trend now,” Pilnick asserted.

Kellogg CEO says families struggling due to Bidenomics should “eat cereal for dinner”

“Cereal for dinner is more on trend now and we expect it to continue as that consumer is under pressure”

pic.twitter.com/CPWU3PHQGm

— Breaking911 (@Breaking911) February 28, 2024

According to CBS News, the response to Pilnick’s proposal has been mixed. Online commentators have questioned the nutritional value of cereal and its actual cost-effectiveness, especially given recent price trends. Despite a slight decline in cereal prices by 0.3% in 2023, there had been significant increases in the preceding years, with a 6% rise in 2021 and a 13% surge in 2022, as reported by the U.S. Bureau of Labor Statistics.

For all of you getting on the CEO of Kellogg’s for saying eat cereal for dinner…..y’all ain’t never been poor.

— CoachJohn (@CoachJohn20) February 29, 2024

I’ve eaten cereal for dinner before. Not because I wanted to save money. But because it was simple and I was tired. But I wouldn’t blame the CEO. I’d blame the present administration for the price of food.

— Annette Moser (@AnnetteMoser8) February 29, 2024

RELATED STORIES: School Says “Not Bullying”: Football Players Put Peanut in Allergic Teammate’s Locker

The discussion extends beyond cereal to the broader issue of food inflation. Data from the U.S. Department of Agriculture shows varying rates of increase across food categories in 2023, with fats and oils leading the pack with a 9% hike. The overall cost of groceries has risen nearly 20% since 2021, underscoring the continuing challenge of managing a household budget in the face of inflation. The economic strain is felt across the board, with U.S. consumers spending over 11% of their disposable income on food in 2022, a trend that has only intensified. Inflation may be showing signs of slowing, but food and restaurant prices continue to climb, outpacing wage growth and putting additional pressure on families, especially those on fixed incomes.

Boston College economics professor Peter Ireland comments on the situation, noting the disproportionate impact of food and energy price increases on the most vulnerable populations. “We had forgotten about just how costly and painful inflation is,” he remarks, highlighting the dilemma faced by many Americans as they navigate these economic challenges.

As the debate over cereal for dinner unfolds, it serves as a reminder of the broader issues at play: rising living costs, food inflation, and the search for affordable, nutritious meal options in challenging times.





Source link

Tags: CEOCerealCostsDinnerFaceFamiliesFoodHollywoodKelloggsRisingSuggestsUnlocked
Share30Tweet19
rmtsa

rmtsa

Recommended For You

Netflix’s ‘The Truth About Jussie Smollett?’ Shatters Social Media

by rmtsa
August 26, 2025
0
Netflix’s ‘The Truth About Jussie Smollett?’ Shatters Social Media

Source: Nuccio DiNuzzo/Getty Images Everybody’s buzzing over Netflix’s The Truth About Jussie Smollett? Documentary which revisits the now-infamous saga years after the murky series of events dominated headlines...

Read more

‘ I’m A Man With Great Common Sense, I’m A Smart Person’

by rmtsa
August 26, 2025
0
‘ I’m A Man With Great Common Sense, I’m A Smart Person’

#Socialites, are you buying it? President Donald Trump is reacting to claims that he’s acting like a “dictator” and that people want a “dictator,” or even want HIM...

Read more

‘Love Island USA’ Reunion, Amaya and Bryan Address Cheating Rumors

by rmtsa
August 26, 2025
0
‘Love Island USA’ Reunion, Amaya and Bryan Address Cheating Rumors

'Love Island USA' Reunion Amaya & Bryan Confront Viral Cheating Scandal "We Know the Truth" Published August 25, 2025 7:26 PM PDT The long-awaited 'Love Island USA' season...

Read more

Ex of Woman Who Hid His Kids’ Bodies for 5 Years Testifies Against Her

by rmtsa
August 26, 2025
0
Ex of Woman Who Hid His Kids’ Bodies for 5 Years Testifies Against Her

The children's father agreed to testify in a plea deal after one one of his children was found in a storage unit inside a trash can filled with...

Read more

‘The Life Of A Showgirl’

by rmtsa
August 25, 2025
0
‘The Life Of A Showgirl’

UPDATED with the latest countdown and vinyl variant: Taylor Swift has returned from her post-Eras tour hiatus with the announcement of her twelfth album, The Life of a...

Read more
Next Post
New ‘Frozen Empire’ Poster Features Every Ghostbuster

New ‘Frozen Empire’ Poster Features Every Ghostbuster

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Browse by Category

  • Celebrity
  • Comics
  • DramaAlert
  • Gossip
  • Movie
  • Music
  • TV
  • Uncategorized

CATEGORIES

  • Celebrity
  • Comics
  • DramaAlert
  • Gossip
  • Movie
  • Music
  • TV
  • Uncategorized
No Result
View All Result

Recent News

  • John Fogerty Announces More ‘Legacy Tour’ Dates
  • Gretchen Rossi Reveals She & Slade Smiley Are “Married,” Talks Mindset Returning to RHOC as Tamra Slams Her
  • Michaela Coel Gets Real On Love, Bias And Reinvention

Copyright © 2023 DramaWired.
DramaWired is a content aggregator and not responsible for the content of external sites.

No Result
View All Result
  • Home
  • Celebrity
  • DramaAlert
  • Gossip
  • Movie
  • TV
  • Music
  • Comics
  • Shop

Copyright © 2023 DramaWired.
DramaWired is a content aggregator and not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In