💬 Quoted… “If you look historically after periods of inflation, there’s really no period you could point to where [food] prices go back down. They tend to be sticky.”

• In 2022, the most recent year for which data is available, Americans spent 11.3% of their disposable income on food, marking the highest level in over three decades, according to data from the US Department of Agriculture. And, much like in Custer’s last stand, the cavalry doesn’t appear to be coming to the rescue, since restaurants and food companies are still dealing with rising costs for labor and some ingredients. This reality is already impacting food spending; recent data from large restaurant chains indicates that Americans are cutting back on dining out, or spending less when they do.

🏀🥇 Stat of the Day: The new Iowa mantra: if you have Caitlin Clark, t(he)y will come. The University of Iowa star became the NCAA women’s basketball all-time scoring champ with her 3,528th career point last week – and apparently wasn’t finished setting records. According to Fanatics, more Clark-branded merchandise was sold in the 24 hours after she broke the NCAA scoring record than any other athlete in NIL history, surpassing Colorado QB Shadeur Sanders, the previous record-holder. Clark’s success has also positively impacted the financials of Iowa’s women’s hoops program, which brought in over $3.8 million in total revenue in 2022-23 – more than double its total from any other recent year.

🤔 Did You Know?... Between 1928 and 2016, no Republican candidate won the presidential election without either Richard Nixon or a member of the Bush family on the ticket.

📰 Worth a Read: Are fears of saying ‘no’ overblown? → (The Conversation)