Have Burritos Become a Luxury Meal?
Now though, with the price of basic burritos at $20 or more in some places, college students on a budget are having to look for new alternatives.
- Higher Education
- Article
- Econ Everyday
- Inflation and Price Levels
Burritos have long been a staple in the diet of many college students. They’re filling, relatively healthy, portable, and - until recently – budget friendly. Now though, with the price of basic burritos at $20 or more in some places, college students on a budget are having to look for new alternatives. Why has the lowly burrito gotten so expensive? It reflects what’s going on in the greater economy. And for buyers – affordability. Tariffs and skyrocketing gas prices mean that the ingredients going into producing a burrito cost more than they did not long ago. Add rising wages to that and it’s not hard to see why something that might have cost $15 not long ago – now costs $20. Food prices have risen about 4 percent since 2024.
What does it mean for college students? It means that the burrito might no longer be a regular meal. Think about it for a minute. In a state like California, where it’s not hard to find $20 burritos, minimum wage for most fast food workers is $20.00 - meaning that you’d have to work for about an hour just to pay for a burrito – a meal that’s supposed to be cheap! If you worked a full day and ate burritos for every meal – you’d essentially only come home with 5 hours of pay. So, what’s a college student to do? Another college staple - instant noodles are still relatively cheap but lack the nutritional value of a burrito – and it would be pretty hard to carry a soupy cup of noodles across campus in your backpack. Tinned fish anyone?
Discussion Questions:
- Discuss the connection between prices and wages. Do prices and wages move together? Explain. What does this mean when it comes to working and buying burritos?
- What is your take on affordability? How do you think it will affect you as you enter the professional workforce?