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 2016, households in the middle income quintile spent an average of $6,224 on food, representing 13.1 percent of income, while the lowest income households spent $3,862 on food, representing 32.6 percent of income.

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