How much disposable income are consumers spending to put food on the table?

It comes as no surprise grocery proces have taken steep climbs in recent years.

New data from USDA shows just how much disposable income consumers are spending to put food on the table.

They found that in 2023, U.S. consumers spent around 11 percent of their disposable income on food, and that is right in line with spending levels in 2022.

“Food at home” purchases fell a couple of points during 2023, with “food away from home” jumping nearly half a percent.

They place the rise on more disposable income, with consumers starting to return to outside the home eateries.

Related Stories
Higher energy activity likely keeps fuel and fertilizer costs elevated.
Tony St. James and StoneX’s Arlan Suderman provide real-time insight on the USDA’s annual Prospective Plantings report, which shows a shifting acreage across commodities, with farmers planning to cut back on corn and wheat while increasing soybean and cotton acres.
SBA Administrator Kelly Loeffler breaks down the Grocery Guarantee Program, its goals for expanding farmer access to capital, and its potential impact on food production and prices.
Strong Easter demand supports protein and crop markets.
Lower shipping costs alone will not restore export competitiveness.
Rising fuel costs will soon increase grain transportation expenses.

LATEST STORIES BY THIS AUTHOR:

Ag Secretary Brooke Rollins told RFD-TV’s Kirbe Schnoor that the Farm Bill is an important piece of legislation and one that she feels “really good about.”
Ag Secretary Brooke Rollins told RFD-TV’s Kirbe Schnoor that trade is unpredictable, and that President Trump is committed to making America’s producers part of that conversation.