Thursday, July 20, 2006
New Update from USDA Economic Research Service (ERS)
U.S. consumers spent, on average, 9.9 percent of their disposable income on food in 2005, according to recently released statistics from the USDA Economic Research Service (ERS). That is up slightly from 9.7 percent in 2004. The percentage dropped to single digits for the first time in recorded U.S. history in 2000.