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FOOD COST

The Federal Reserve Bank of Dallas reports that in 1919 the average American had to work 158 minutes to buy a three-pound chicken; nowadays, 15 minutes gets you the bird. Americans spend less than 6% of their after-tax income on groceries, a figure so low they can afford to spend another 4% eating out.

The Japanese spend 16% of disposable income on food, and the Germans 17%. People in India still spend nearly half of their disposable income on food (1996 USDA).   Daniel Akst 'Cheap Eats' Wilson Quarterly, Summer 2003.


 

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