How much money do Americans spend at restaurants?

HOW MUCH AMERICANS SPEND AT RESTAURANTS VS. GROCERY STORES The US Census Bureau estimated that sales at Food Services & Drinking Places reached $56.01 billion in June 2017 (a 1.7% increase in comparison with June 2016).

When did Americans start spending more on food?

Between 1960 and 1998, the average share of disposable personal income spent on total food by Americans, on average, fell from 16.8 to 10.1 percent, driven by a declining share of income spent on food at home. As their incomes rise, households spend more money on food but it represents a smaller overall budget share.

What was the percentage of food spent in restaurants in 1955?

In 1955, 25 cents of every $1 spent on food went to restaurants. Today, it’s more than half. And while restaurant operators face many challenges, from a tight labor pool to rising wage costs, the consumer outlook for spending is strong.

What was the cost of a food dollar in 1993?

Of the remaining food dollar, 14.7 cents went to food processors, and 12.1 cents to food retailers. At 2.3 cents, packaging costs per food dollar were the lowest ever reported by the current series, which provides statistics back to 1993. These data are prior to the COVID-19 pandemic.

How much money do Americans spend on restaurants?

But while there’s certainly nothing wrong with indulging every so often, it seems as though Americans are taking the concept of eating out to an extreme. From 2015 to 2016, for the first time in history, Americans spent more money at bars and restaurants ($54.857 billion) than they did on groceries ($52.503 billion).