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This year, every restaurant franchise is grappling with decisions about delivery. But the fact is, delivery was a priority even before the pandemic, with 78 percent of respondents in last year’s National Restaurant Association survey looking to focus on their off-premise strategy.
This year, 33 percent of customers report that they are ordering more take-out, creating a significant new revenue stream for restaurants willing to double-down on delivery.
Ghost kitchens — professional cooking facilities created for the preparation of delivery-only meals — enable restaurants to rapidly start delivering food to their customers. These kitchens exploded in popularity this year, but the question remains, are ghost kitchens here to stay, or will they go the way of the food hall and crumble like a house of cards?
What’s in it for the restaurant?
From a value perspective, it’s easy to understand the appeal of a ghost kitchen. By cutting out the expense of front-of-house operations and dining rooms, restaurant operators can significantly reduce rent and labor costs. Delivery is also difficult
Despite your best savings efforts — and maybe due to some unexpected expenses — your retirement plans may have run into the stark reality that you didn’t end up with the nest egg you had planned on.
In fact, you’re headed toward your golden years with credit card debt.
Unfortunately, that’s the case for many Americans — 46% of retirees have non-mortgage debt (that includes credit card debt, as well as auto loans, student loans and medical debt), according to a survey by the TransAmerica Center for Retirement Studies. And 14% of them hold $10,000 or more in debt.
Without your former income, you may be starting to worry about making the growing credit card payments on a fixed income, particularly when the average Social Security monthly benefit is $1,514.
Putting a dent — permanently — in credit card debt when you’re retired is possible, and we have eight ways to help get you started on the path to a debt-free retirement.
8 Ways to Help Pay Down Credit Card Debt in Retirement
Retirement offers unique opportunities and challenges when you’re paying off debt.
You may have new sources of income, like Social Security or a pension, and new expenses, like increased healthcare costs or fun stuff like hobbies.
So here are eight post-employment strategies that can help you