Positive Chart #3 – Income Spent on Food

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This chart shows the percent per capita of disposable income spent on food in the U.S. from 1960 to 2012.

If you focus on the blue line, ‘Food at home,’ you can see that over the last 50 years, the percent of our disposable income spent on food has dropped by more than 50 percent, from 14% to less than 6%.

This is largely a function of better food production technology, distribution processes and policies that have reduced the cost of food. We’re demonetizing food rapidly.

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