America’s Shrinking Grocery Bill
In 1984, the average U.S. household spent 16.8 percent of its annual post-tax income on food. By 2011, Americans spent only 11.2 percent. The U.S. devotes less of its income to food than any other country—half as mu ch as households in France and one-fourth of those in India.
Read more at Bloomberg Businessweek


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