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Food spending as a share of income declines as income rises

Food spending as a share of income declines as income rises
Households spend more money on food when incomes rise, but food represents a smaller portion of income as they allocate additional funds to other goods. In 2013, households in the middle income quintile spent an average of $5,728 on food, representing 13.1 percent of income, while the lowest income households spent $3,655 on food, representing 36.2 percent of income. Rising food prices and falling incomes put pressure on food budgets. In pre-recession 2006, households in the lowest income quintile spent 32 percent of their incomes on food.

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Last updated: Tuesday, November 25, 2014

For more information contact: Annemarie Kuhns