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Friday, June 15, 2012

What Americans Spend on Groceries

Tired of high grocery bills? Quit griping! According to the data from the Bureau of Labor Statistics, Americans are actually spending less of our money on groceries than we did 30 years ago.
Lam Thuy Vo of NPR's Planet Money blog explains:
We now spend a much bigger share of our grocery money on processed foods, which includes things like frozen dinners, canned soups and snacks. We spend much less on meat, largely because meat is much cheaper than it was 30 years ago.
More at NPR's Planet Money Blog.

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