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The Skinny

Because the United States has such a large, affluent population, we spend more on food ($833 billion in 2007) than all other countries except China. But the average American spent only 6 percent of their money on food purchases, which is the lowest in the world.

While the average U.S. consumer spent $2,762 for food in 2007, which is one of the higher levels globally, only 9.8 percent of their disposable income was spent on food and beverage.

Because of inflation, a growing population, and increased consumption per person, the total amount Americans spend on food increases in most years. The last year total U.S. food expenditures were down was 1949.

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True? Or Not? "Americans pay less for their food than consumers in any other country."

Ron Plain SAYS...

THE NITTY GRITTY:

Because the United States has such a large, affluent population, we spend more on food ($833 billion in 2007) than all other countries except China. But the average American spent only 6 percent of their money on food purchases, which is the lowest in the world.

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