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Americans are spending less money eating out

Date: 
Wed, 11/26/2014

Is the trend motivated by cost or convenience?

by Patti Hurtgen, Hoard’s Dairyman Online Media Manager

Just about anyone could guess that health care, housing and transportation costs were higher in 2013. And they’d be right. Americans have cut back across the board, but what about food purchases?

For the past three years, Americans have increased the amount of money spent on food consumed at home. It was $3,977, while food eaten out was less, at $2,625, according to the Bureau of Labor Statistics’ Consumer Expenditure Survey for 2013. That translates to 60 percent of food dollars being spent on meals in-home, while 40 percent are from restaurants. That’s a stretch from 25.9 percent out-of-home in 1970. Read more

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