3 ms·
People currently spend about 9% of disposable income on food as compared to 24% in the 60's -- so what you suggest is happening to some degree: http://3.bp.blog
by bdcs 13y ago
People currently spend about 9% of disposable income on food as compared to 24% in the 60's -- so what you suggest is happening to some degree: http://3.bp.blogspot.com/-Uz4mKJv2dWQ/T_B-DGnY34I/AAAAAAAATto/6H1HYFtug00/s1600/food.jpg http://3.bp.blogspot.com/-Uz4mKJv2dWQ/T_B-DGnY34I/AAAAAAAATt...
- gress 13y agoIf 'disposable income' includes those at the top of the wealth scale, this chart indicates no such thing.
- gerbal 13y agoIt's closer to 16% for the lowest quintile.
- patio11 13y agoCorrect, see http://www.fas.org/sgp/crs/misc/R40545.pdf http://www.fas.org/sgp/crs/misc/R40545.pdf . You'll note that even for the lowest quintile this is a decline of over 50%. It would be higher if you just looked at constant consumption, but we don't do that, because our societal consensus is that poor Americans in 2014 do and should treat as standard what Americans in 1960 treated as luxury, including most relevantly, having other people cook for them. This is because, and I know this statement is controversial, America is radically wealthier at all levels in 2014 compared to 1974.