Posts Tagged ‘food spending’

Who’s the Foodiest of Them All?

Wednesday, May 26th, 2010

Bundle, which is an interesting site that studies how people spend money, just released their report, “The truth about food spending in America.” I haven’t gone through all of it yet, but it’s super interesting.

The data reflects, generally, what we already suspect about our own behavior: How much we spend on food — like how much we spend on anything — is most directly a result of how much money we have. People making $40,000 to $50,000 spent $5,560 on food in 2009. People making more than $125,000 spent $12,655 — more than double. Did they buy twice as much food? Not likely, says Hayden Stewart, an economist at the US Department of Agriculture: they buy more expensive food. “Better cuts of meat, more organic foods, more gourmet or prepared foods — they all cost more, and when people have the money, they’re often willing to pay.”

Thanks to the kitchn for finding this!