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  • Food Spending in The US

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    Hamilton Place Strategies
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    The lowest earning households in the US spend 15% of their budget on food, more than the 11% spent by the highest earners. In general, lower income households spend a larger share of their total expenditures on basic necessities like food, clothing, and housing compared to higher income households. While all households now spend a smaller portion of their budget on basics compared to 1985, the share spent by the lowest earners has remained largely unchanged.

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    Food Spending In The US

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    Food Spending In The US

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    The lowest earning households in the US spend 15% of their budget on food, more than the 11% spent by the highest earners. In general, lower income households spend a larger share of their total expenditures on basic necessities like food, clothing, and housing compared to higher income households. While all households now spend a smaller portion of their budget on basics compared to 1985, the share spent by the lowest earners has remained largely unchanged.

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    © All Rights Reserved
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    17 Ansichten3 Seiten

    Food Spending in The US

    Hochgeladen von

    Hamilton Place Strategies
    The lowest earning households in the US spend 15% of their budget on food, more than the 11% spent by the highest earners. In general, lower income households spend a larger share of their total expenditures on basic necessities like food, clothing, and housing compared to higher income households. While all households now spend a smaller portion of their budget on basics compared to 1985, the share spent by the lowest earners has remained largely unchanged.

    Copyright:

    © All Rights Reserved
    Als PPTX, PDF, TXT herunterladen oder online auf Scribd lesen
    Markieren Sie unangemessene Inhalte
    von 3

    The Lowest Earners Devote 15 Percent Of Spending To

    Food, While The Highest Earners Devote 11 Percent


    Food Spending And Share Of Expenditures Spent On Food Across U.S. Households, 2015

    $8/28/17

    Percent Of Expenditures Spent On Food (%)


    Share Spending
    8/28/17
    Average Annual Spending On Food ($)

    8/28/17

    $8/28/17

    8/28/17
    $8/28/17
    $8/28/17
    8/28/17
    $8/28/17

    8/28/17

    Lowest Quintile Second Quintile Third Quintile 8/28/17 Highest Quintile


    Quintile
    Average Pre- $10,916 $28,343 $49,606 $80,813 $177,851
    Tax Income

    Source: Bureau of Labor Statistics (BLS), Consumer Expenditure Survey 2015


    Food Spending Exemplifies A Larger Trend: Lower
    Earners Spend More Of Their Budget On Basic Needs
    Percent Of Total Expenditures Spent On Clothing, Housing, And Food, 2015 8/28/17
    8/28/17
    8/28/17
    8/28/17
    8/28/17
    8/28/17
    8/28/17
    Percent Of Expenditures (%)

    8/28/17

    8/28/17
    8/28/17 8/28/17 8/28/17 8/28/17 8/28/17

    Average $24,470 $35,063 $45,912 $63,671 $110,508


    Expenditures

    Source: Bureau of Labor Statistics (BLS), Consumer Expenditure Survey 2015


    Compared To 1985, The Share Of Spending On Basic
    Needs Is Smaller For All But The Lowest Earners
    Share Of Total Expenditures Spent On Basic Needs Across U.S. Households, 1984-2015

    8/28/17

    8/28/17 8/28/17
    8/28/17
    8/28/17
    Share Of Expenditures (%)

    8/28/17

    8/28/17 8/28/17

    8/28/17

    8/28/17 8/28/17

    8/28/17 8/28/17

    8/28/17
    8/28/17
    8/28/17
    8/28 8/28 8/28 8/28 8/28 8/28 8/28
    /17 /17 /17 /17 /17 /17 /17

    urce: Bureau of Labor Statistics (BLS), Consumer Expenditure Survey 1985-2015

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