For the Second Time in 25 Years, Annual U.S. Food Spending Declined in 2020

Wilson Sinclair and Eliana Zeballos

Amber Waves:The Economics of Food, Farming, Natural Resources, and Rural America, 2021, vol. 2021, issue 05

Abstract: For the past 25 years, U.S. food expenditures generally followed several predictable trends. Most notably, annual total expenditures and the share of food-away-from-home (FAFH) showed steady increases, with the highest share of FAFH spending occurring during the summer months. The coronavirus COVID-19 pandemic limited mobility of U.S. consumers and led to an economic recession for most of 2020, disrupting historical trends in food spending.

Keywords: Consumer/Household Economics; Demand and Price Analysis; Financial Economics; Public Economics (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:ags:uersaw:310906

DOI: 10.22004/ag.econ.310906

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