I was trained as an agricultural economist at Cornell, where George F. Warren birthed the discipline of agricultural economics (The University of Wisconsin and Henry C. Taylor would take issue with that statement). As such I love to ruminate on tables like the following. Understandably, you may not be so engrossed with it so let me summarize some interesting points.
1. Americans spent 1.1 trillion dollars on food in 2010. Wow!
3. In 1930 the average American ate 12.7% of the value of their food outside the home – restaurants, etc.
- That number grew to 41.3% in 2010. And a large part of that is eaten in fast food restaurants.
Click to Enlarge Table