According to data from the U.S. Bureau of Labor Statistics (2019), food costs represent about 13% of the average household’s annual expenditures. Food spending continues to increase during the pandemic, and the data shows some distinct patterns among different generations during this period.
We love talking about food and how we can help you save money on food costs. In this episode of Family Financial Feuds, Kathy Sweedler led us into a great conversation about food expenditure in the U.S. We also covered patterns in online food shopping, dining behaviors, and strategies to reduce food spending. Find us on Sound Cloud to hear the full conversation.
Source: USDA, Economic Research Service using data from U.S. Bureau of Labor Statistics, Consumer Expenditure Survey, 2019.