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Tuesday, July 07, 2015

Money Spent on Food: Lower in U.S. Than Any Other Country

Compared with other nations, consumers in the United States spend the smallest percentage of their budget on groceries. Should we be spending more for higher-quality food?

`U.S. consumers allocate a lower percentage of their annual expenditures to groceries than people in any of the other countries for which this data is tracked, according to the U.S. Department of Agriculture. So how exactly does the United States stack up? In this chart of Food Spending Around the Globe, compare what percentage of the average person’s annual expenditures goes toward food consumed at home in 20 different countries around the world.

The average person in the United States spends just 6.7 percent of his or her budget on food consumed at home (not including eating out). This percentage has steadily decreased over time: In 1980, it was about 10 percent for food eaten at home, and in 1960, it was about 15 percent.

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2 comments:

Anonymous said...

don't worry health care, gas and electric took any savings and then some back.

Anonymous said...

Of course we are sending our money to every other country even the ones that want to kill us. We should take care of our
self first and if any thing is left then help others.map