Share of disposable personal income spent on food continues to decline in 2024

In 2024, U.S. consumers spent an average of 10.6 percent of their disposable personal incomes on food, a slight decrease from 10.8 percent in 2023. This decline shows a small shift in consumer spending habits. Specifically, the budget share allocated to food-at-home spending decreased from 5.2 percent in 2023 to 5.0 percent in 2024. This indicates that consumers are spending a smaller portion of the money they have left after taxes on groceries and other food items that they prepare and consume at home. The share of disposable income allocated to food-away-from-home spending, such as dining out at restaurants, remained unchanged at 5.6 percent in 2024.