Budget share for total food dropped by 10 percent in 2020, a new historical low
In 2020, U.S. consumers spent an average of 8.6 percent of their disposable personal income on food—divided between food at home (5.0 percent) and food away from home (3.6 percent). The share of disposable personal income spent on total food has trended downward since 1960, which has been driven by a shrinking share of income spent on food at home. However, the COVID-19 pandemic resulted in the sharpest annual decline in the share of disposable income spent on total food since USDA began tracking these expenditures. In 2020, the share of disposable income spent on total food decreased by 10.1 percent (from 9.6 percent in 2019). In part, this decline was the result of the largest annual increase in disposable personal income since 2000 and the sharpest decrease in food-away-from-home spending.
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