Kelly Manufacturing



National & World Ag News Headlines
Share of Income Spent on Food Remains Consistent
USAgNet - 08/26/2016

In 2014, Americans spent an average of 9.7 percent of their disposable personal incomes on food.

New USDA figures show that after falling from 17.0 percent in 1960 to 10.0 percent in 1999, the share of DPI spent on total food by the average American has remained between 9.5 and 9.8 percent since 2000.

The share of DPI spent on food away from home (food purchased from restaurants, fast food places, schools, and other food-away-from-home eating places) was 3.9 percent in 2000, 4.1 percent in 2005 and, after flattening out during the 2007-09 recession through 2012, reached 4.3 percent in 2014.

In contrast, the share of DPI spent on food at home (food purchased from supermarkets, convenience stores, warehouse club stores, supercenters, and other retailers) declined from 5.8 percent in 2000 to 5.5 percent in 2014.


Other National Headlines
Ag-Bag
E-Z Trail Farm Wagons
Copyright © 2024 - Farms.com. All Rights Reserved.