Food Spending Adjustments During Recessionary Times
During the 2007-09 recession, inflation-adjusted food expenditures by U.S. households fell 5 percentâ€”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.
Volume (Year): (2011)
Issue (Month): (September)
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