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Fortune
Fortune
Sasha Rogelberg

Chipotle CEO sounds alarm on the American economy: Gen Z and millennials are too burdened by unemployment and student loans to eat out

Chipotle Scott Boatwright Economy Unemployment McDonald Fortune
A line of Chipotle workers behind the counter assemble burrito bowls. (Credit: Patrick T. Fallon—Bloomberg/Getty Images)

Even fast-casual dining may be too much of a financial burden for younger generations.

Chipotle CEO Scott Boatwright said young diners between the ages of 25 and 35 are cutting back on dining at the Mexican-inspired fast-casual chain. But these millennial and Gen Z customers are not snubbing Chipotle for other fast food spots; they’ve stopped dining out as frequently altogether.

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