Amid a 30-year high in American spending on food, Kellogg's CEO, Gary Pilnick, stirred controversy by suggesting Americans turn to cereal for dinner as an affordable alternative.
Pilnick, during a recent CNBC interview, touted cereal's cost-effectiveness, asserting that a bowl with milk and fruit can be less than a dollar, making it an appealing choice for budget-conscious consumers. While Pilnick believes the idea resonates well, the internet has been divided.
Online reactions range from questioning the nutritional aspects to concerns about affordability. As food prices, including cereals, continue to rise due to inflation, experts weigh in on the economic challenges faced by consumers, especially those on fixed incomes.
The debate unfolds against the backdrop of increased spending on food, with grocery and restaurant prices experiencing notable upticks, further exacerbating the impact of inflation on American households.
