April 2, 2015

...AND CHEAPER...:

Why Cheap Food Makes Us Richer (Joe Carter, 4/02/15, Acton)


"We are purchasing more food for less money, and we are purchasing our food for less of our income," says Annette Clauson, an agricultural economist. "This is a good thing, because we have income to purchase other things."

A recent report published by the U.S. Department of Agriculture shows how the average share of per capita income spent on food fell from 17.5 percent in 1960 to 9.9 percent in 2013.

thr-income-spent-on-food_custom-ed63b133b0b3914191e299c179a61271caa0db71-s1400-c85

Posted by at April 2, 2015 4:29 PM
  

blog comments powered by Disqus
« ...AND CHEAPER...: | Main | CALL IT THE MANNING STANDARD: »