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
Cattle producers met with lawmakers to discuss the issues continuing to impact ranchers across the country.
Founder Jon Mollhagen says automation continues playing a larger role in reducing labor demands and animal stress.
The Meat Institute says meat sales reached a record $112 billion last year as protein demand remained strong nationwide.
National Potato Council CEO Kam Quarles says potato wart could have devastating consequences for U.S. growers and export markets.
Trade officials discussed export growth, biofuel opportunities and market access during the National Restaurant Association Show.
Current estimates are already hovering around 80 weeks.

LATEST STORIES BY THIS AUTHOR:

The California Farm Bureau introduces us to Aussie, its 2024 Farm Dog of the Year! Aussie’s proved nothing—not even the loss of a limb—can stop her from protecting her farm and family.
The Mississippi Farm Bureau honors farmer and longtime state legislator Rep. Bill Pigott with the 2024 Distinguished Service Award.
John Deere is cutting 100 positions from its Waterloo Works plant in 2025, and Butterball will cut 200 positions in Jonesboro, Ark.