Americans like to eat out. A lot.
In fact, according to chart shared by Stifel's Taylor G. LaBarr, the portion of total food spending outside the home is now nearly half of Americans' total food spending.
Notably, "spending on food not at home," as LaBarr calls it, has been rising consistently for decades.
The only slight blips on the chart happened during recessions in 1974, 2001, and 2008, which makes sense as it's generally more expensive to eat out and people are less likely to spend extra cash in tougher economic environments.
Read the entire article here courtesy of Business Insider.
Tuesday, March 1, 2016
- ▼ 02/28 (5)
- ► 2015 (148)