Advertisement
03/01/2013

U.S. Households Spend Smaller Percentage of Income on Food than Others

American households on average spent about 11.2 percent of their annual post-tax income on food in 2011, compared with 16.8 percent in 1984, Bloomberg Businessweek said. The 2011 figure represents about half the proportion of household income devoted to food purchases in France and a quarter of the percentage devoted to food in India, the data suggest. The U.S. data coincidences with shifting household demographics.

Click here to read the full story