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Annette
Clauson
Share of income
spent on food continues to decline
With incomes climbing
at a faster rate than expenditures for
food, Americans spent 9.9 percent of
their disposable personal income on
food in 2005, down from 23.4 percent
in 1929. This decline is even more striking
considering the labor and technology
that go into the multitude of processed
foods on today’s supermarket shelves.
In addition, almost half of our food
dollars are now spent at restaurants
and other eating places, while in 1929,
food away from home accounted for 17
percent of food expenditures. Despite
this jump in away-from-home eating,
the share of income spent on food away
from home has remained at around 4 percent.
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