Food Spending Adjustments During Recessionary Times
Aylin Kumcu and
Phillip R. Kaufman
Amber Waves:The Economics of Food, Farming, Natural Resources, and Rural America, 2011, 8
During the 2007-09 recession, inflation-adjusted food expenditures by U.S. households fell 5 percent—the largest decrease in at least 25 years. Spending patterns differed by income level, with middle-income households curbing expenditures the most. Households responded to the recession by cutting back on eating out and by economizing on grocery purchases.
Keywords: Food; Consumption/Nutrition/Food; Safety (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:uersaw:120969
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