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Understanding the Components of U.S. Food Expenditures During Recessionary and Non-Recessionary Periods

Eliana Zeballos, Wilson Sinclair and Timothy Park

No 316348, USDA Miscellaneous from United States Department of Agriculture

Abstract: According to the U.S. Department of Agriculture, Economic Research Service’s Food Expenditure Series, total spending on food and beverages in the United States reached $1.8 trillion in 2019. While real per capita total food expenditures steadily increased through the decades, the share of expenditures at food-at-home (FAH) establishments decreased from 1997 until 2019 and then increased abruptly in 2020. To better understand changes in food spending and its composition during 1997–2020, this study utilizes a structural decomposition analysis. The analysis compares: the roles of variations in aggregate income, propensity to spend versus to save, propensity to spend on food versus non-food, and substitution between FAH and food away from home (FAFH) during non-recessionary periods. These periods include the Great Recession (December 2007 to June 2009) and the Coronavirus (COVID-19) Recession (February to April 2020).

Keywords: Consumer/Household Economics; Demand and Price Analysis; Financial Economics; Food Consumption/Nutrition/Food Safety; Public Economics (search for similar items in EconPapers)
Pages: 29
Date: 2021-11-03
New Economics Papers: this item is included in nep-agr
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Persistent link: https://EconPapers.repec.org/RePEc:ags:usdami:316348

DOI: 10.22004/ag.econ.316348

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