Understanding the Components of U.S. Food Expenditures During Recessionary and Non-Recessionary Periods
Wilson Sinclair and
No 316348, USDA Miscellaneous from United States Department of Agriculture
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)
New Economics Papers: this item is included in nep-agr
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1) Track citations by RSS feed
Downloads: (external link)
https://ageconsearch.umn.edu/record/316348/files/U ... ionary%20Periods.pdf (application/pdf)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:ags:usdami:316348
Access Statistics for this paper
More papers in USDA Miscellaneous from United States Department of Agriculture
Bibliographic data for series maintained by AgEcon Search ().