Okay, so it’s not the Dire Straits song – it’s all about the food. In conversation with friends the other day, they were bemoaning the fact that good food is becoming expensive. I agree – it is. But perhaps it should be. Before everyone gets their WallMart bags in a bundle, let me explain.
In a 2006 article by the Salem Newspaper, Americans spend less than 10% of their disposable income on food. Less than 10%. To quote the paper,
“International statistics provided by ERS only account for the percentage of disposable income spent on food at home. Still, the numbers show huge disparities between the U.S. and other countries.