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A Historic Look at America's Grocery Spending Habits

An Historic Look at America's BILLSHRINK Grecery Spending Habits Rice Cereal Soda Tomato Ketchup Households a century ago were different economically than today's households. Technological, educational, and institutional developments have made life easier. An improved standard of living is proven by income levels and household expenditures, which have expanded 67 fold since 1901. 1950's How much did a family spend on food annually? The post-World War II business cycle brought nearly full employment. Food was Income Expenses Food Budget the largest budget expenditure $4,237 $3,808 $1,130 at 29.7%. PAID SOUP Economic Indicator 1960's In the 1960's, housing was the largest expense. The U. S. population surpassed 179 million, Food Income Expenses Food Budget expenditure budget share declined then faced a recession. $6,691 $5,390 $1,311 to 24.3%. Supermarket craze hits SHOP MA NAP MAR PAID Ketchup Supermarkets accounted SOUP for 71% of all food sales. 1970's The population was 200 million. The median age was 28.1. In 1972-73, the economy expanded. It peaked in 1973, then declined until Food expenditure Income Expenses Food Budget share 1975. $11,419 $8,348 $1,596 declined to 19.3%. Clothing 7.8% SHOPPERS SUPERMART SESSESs 20 SHOP MART Food 19.3% PAID Soda BEST BUY Housing 30.8% ssssas sssssss 26 94 Ketch Other 42.1% SOUP 1980's People ate at home 59% of the time. The economy grew in 1984 following a sharp, Food expenditure share Income Food Budget Expenses 16 month recession. $23,464 $21,975 $3,290 continued to decline to 15.0%. MART SUPERMART SHOP MART BEST Ketchu Tomato Economic Indication is expanding upwards. 1990's A fourth of grocery spending was for protein. After the recession ended in 1991, the Food Income Expenses Food Budget expenditure share dropped to 13.8%. economy grew. $38,983 $34,312 $4,750 The super box stores arrive WAR SHOP MAR SEST SUPERMAI PAID Soda chu A robust economy and innovative marketing led to the growth of Tomato SOUP the large box stores. 2000's The percentage share continued to drop. From 1991 to 2001, the country slipped into an eight-month Food expenditure share is Income Food Budget Expenses downturn. $50,302 $40,748 $5,347 now 13.1%. VAP MART Cer PAID Ketchup The terrorist attack Tomato of September 11 aggravated the recession. SOUP Source; U.S. Department of Labor, 100 Years of U.S. Consumer Spending Rice Soda Cereal da PAID

A Historic Look at America's Grocery Spending Habits

shared by kevin on Mar 23
Looks at the history of the spending habits of Americans in the grocery store from the 1950's to the present.


Bill Shrink


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