This Successful Executive Is Sounding the Alarm on Consumer Spending, and These 2 Popular Consumer Stocks Could Be Making a Big Mistake

Bill Simon is worried about consumer spending. Once the CEO of Walmart's U.S. business, Simon currently sits on the board of directors for HanesBrands and Darden Restaurants, giving him high-level insights into grocery, retail, apparel, and dining.

In a recent interview with CNBC, he said U.S. consumers are reaching a breaking point for the first time in over a decade. And if he's right, popular companies, including Walt Disney (NYSE: DIS) and Chipotle Mexican Grill (NYSE: CMG), could be making a big mistake with their ongoing prices increases. Here's why.

All across the country, businesses are raising prices. And it may be too much.

Source Fool.com