U.S. Food Income Rebounds to Pre-Pandemic Levels
USAgNet - 08/05/2022
The share of U.S. consumers' disposable personal income (DPI) spent on food was relatively steady from 2000 to 2019, rising from 9.93 percent in 2000 to 10.27 percent in 2019. DPI is the amount of money that U.S. consumers have left to spend or save after paying taxes.
During the Coronavirus (COVID-19) pandemic, the share of income spent on food dropped to a new low of 9.4 percent in 2020. Food spending rebounded in 2021, however, and the share of income spent on food jumped to 10.27 percent, equaling the share in 2019.
Between 2000 and 2019, consumer spending trended toward food away from home (restaurants, fast-food places, schools, and other dining establishments). From 2019 to 2020, this trend reversed as consumers spent more of their incomes on food at supermarkets, convenience stores, warehouse club stores, supercenters, and other retailers (food at home).
As COVID-19 vaccines were distributed and many mobility restrictions were lifted in 2021, the share of food-away-from-home spending bounced back to just shy of the food-at-home spending share, signaling a return towards pre-pandemic spending trends. The data for this chart come from the USDA, Economic Research Service's Food Expenditure Series data product.
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