People Spending A Lot Less On Groceries But More On Processed Foods
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Title: People Spending A Lot Less On Groceries But More On Processed Foods
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Title: People Spending A Lot Less On Groceries But More On Processed Foods
link : People Spending A Lot Less On Groceries But More On Processed Foods
People Spending A Lot Less On Groceries But More On Processed Foods
Individuals have it good, in a way, in that we spend less than many other first-world nations on food, which is fairly important. Granted, farming subsidies do have a good bit to do with it. Nonetheless, we have also been spending more on junk food than almost any type of food item.
Spending less on food
The typical family of four with pets will find it difficult to get by with a $50,000 a year income, and that is the average in the country. There is good news. Compared to other developed countries, we are really spending less on food.
According to Mother Jones, out of the $32,051 in annual outlays from the average home in 2009, 6 percent was for food. According to the Bureau of Labor Statistics, the typical household spent $6,372 on food that year. Of that, $3,753 was food for the home and $2,619 was away from home. However, the typical British family spent 9 percent of their income on food that year; the French spent 14 percent.
Largely, according to a recent article by NPR, it has to do with the cost of food in America steadily decreasing over the past 30 years.
Michelle's thoughts
In 1982, the average household spent 13 percent of the yearly outlay on food, which means we are actually doing better now. This is despite the belief that the amount spent has increased to about 8 percent now, according to recent Agency of Labor Statistics data.
Food prices have actually dropped a lot in that time. In fact, no meats went up in price. Steak costs dropped from $7 a pound to $4.90 a pound from 1982 to 2012. Grapefruit costs increased 6.5 percent and bell pepper costs increased 34 percent. Other than that, no other fruits and vegetables increased in price.
You can certainly see changes in what individuals are spending most of their cash on now compared with 1982 though. Now, people spend about 21.5 percent of the spending budget on meats when it used to be 31.3 percent. Now, individuals spend 22.9 percent on processed foods and sweets when people used to spend 11.6 percent. Fruits and vegetable expenditures have stayed almost the same though since they are now at 14.6 percent and they used to be 14.5 percent. Michelle Obama's plan to help kids get healthier is well justified when you consider these statistics.
Thanks to subsidies
Mother Jones explained that the agriculture subsidies have helped produce more food making prices go down. In fact, the amount of corn produced produced from 1995 to 2010 in America increased from 4 billion bushels a year to 12 billion bushels. In that same time frame, $261.9 billion in subsidies have been given out.
Grain costs and meat costs have increased a lot recently though. In 2011, the price of grain doubled and the price of meat increased 8 percent.
The low prices also don't benefit the farmer much. Apart from not much money in nominal terms, the Department of Agriculture estimates 15.8 percent of revenue from selling food goes to the entity that produced it, according to a post on The Daily Green.
Spending less on food
The typical family of four with pets will find it difficult to get by with a $50,000 a year income, and that is the average in the country. There is good news. Compared to other developed countries, we are really spending less on food.
According to Mother Jones, out of the $32,051 in annual outlays from the average home in 2009, 6 percent was for food. According to the Bureau of Labor Statistics, the typical household spent $6,372 on food that year. Of that, $3,753 was food for the home and $2,619 was away from home. However, the typical British family spent 9 percent of their income on food that year; the French spent 14 percent.
Largely, according to a recent article by NPR, it has to do with the cost of food in America steadily decreasing over the past 30 years.
Michelle's thoughts
In 1982, the average household spent 13 percent of the yearly outlay on food, which means we are actually doing better now. This is despite the belief that the amount spent has increased to about 8 percent now, according to recent Agency of Labor Statistics data.
Food prices have actually dropped a lot in that time. In fact, no meats went up in price. Steak costs dropped from $7 a pound to $4.90 a pound from 1982 to 2012. Grapefruit costs increased 6.5 percent and bell pepper costs increased 34 percent. Other than that, no other fruits and vegetables increased in price.
You can certainly see changes in what individuals are spending most of their cash on now compared with 1982 though. Now, people spend about 21.5 percent of the spending budget on meats when it used to be 31.3 percent. Now, individuals spend 22.9 percent on processed foods and sweets when people used to spend 11.6 percent. Fruits and vegetable expenditures have stayed almost the same though since they are now at 14.6 percent and they used to be 14.5 percent. Michelle Obama's plan to help kids get healthier is well justified when you consider these statistics.
Thanks to subsidies
Mother Jones explained that the agriculture subsidies have helped produce more food making prices go down. In fact, the amount of corn produced produced from 1995 to 2010 in America increased from 4 billion bushels a year to 12 billion bushels. In that same time frame, $261.9 billion in subsidies have been given out.
Grain costs and meat costs have increased a lot recently though. In 2011, the price of grain doubled and the price of meat increased 8 percent.
The low prices also don't benefit the farmer much. Apart from not much money in nominal terms, the Department of Agriculture estimates 15.8 percent of revenue from selling food goes to the entity that produced it, according to a post on The Daily Green.
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