The second-largest merchant-vendor for credit card use is now McDonalds. This suggests that many consumers are in serious distress if they need to get their $4 Big Mac and fries with a credit card.
All the signs indicate that this credit crunch is very bad and getting worse quickly. People are finding it harder and harder to afford food on top of the other debts they are carrying. 2009 looks set to be pretty grim. It makes me think even more about backyard farming, cooperative efforts, bulk food, and food storage. We need more community resilience!