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In 2010, Americans spent just over 9 percent of their disposable income on food (5.5 percent at home and 3.9 percent eating out).
This is a dramatically lower percentage spent just decades ago in the early 1960s, when over 17 percent was spent on food, and even more of a “bargain” compared to 1930, when Americans spent over 24 percent of their disposable income to feed their families.
When you compare what Americans spend to what people in other countries spend, you’ll also notice some great disparities.
On the surface, having cheaper food may seem like an advantage, but in reality while Americans may be saving a few dollars on their meals, they’re paying big time in terms of their health, and the health of the planet.
No Place on the Planet Has Cheaper Food Than the United States
As reported in TreeHugger, professor Mark J. Perry stated on his Carpe Diem blog:
“… compared to other countries, there’s no other place on the planet that has cheaper food than the U.S. The 5.5% of disposable income that Americans spend on food at home is less than half the amount of income spent by Germans (11.4%), the French (13.6%), the Italians (14.4%), and less than one-third the amount of income spent by consumers in South Africa (20.1%), Mexico (24.1%), and Turkey (24.5%), which is about what Americans spent DURING THE GREAT DEPRESSION, and far below what consumers spend in Kenya (45.9%) and Pakistan (45.6%).”