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 2017, households in the middle income quintile spent an average of $7,061 on food, representing 14.3 percent of income, while the lowest income households spent $4,070 on food, representing 34.1 percent of income.


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Last updated: Wednesday, October 17, 2018

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