Cost Of Food For Mexicans
Perspectives allow an RV'er to grasp the ins and outs of why Mexico is what it is. When a higher percentage of basic income is used for staples and consumables it explains why certain foods are ...
Forum Discussion
I call BS on that chart. According to the Bureau of Labor Statistics, the average annual expenditures for 2017 was $60,060. Of that amount, food was $7,729. The math says that food is 12.86% for us here in the USA.
Here's a link to that data;
https://www.bls.gov/news.release/cesan.nr0.htm
If the OP's chart were true and Americans only spent 5% or so of their expenditures for food, and expenditures are $60,000, then only $3,000 per year is spent on food? Let's say that's a family of three living on that $60K a year. Food budget would be a mere $1,000 per year, per person? Breaking down even further, to monthly and weekly, that works out to $83 a month, $19 a week and $2.74 per day for each person.
The BLS #'s are much more accurate at 2.5x more spending on food than the OP's chart.
***EDIT****
OH! I get it! The 'Food' doesn't include dining out.
USDA stipulates Americans spend 6% of their income on food and another 5% on dining out. Far as BLS is concerned food is food regardless of whether it's bought in a grocery store or a dining facility. My link shows they break it down to those two components, but classify both as food for the calcs.
Here's a link to that data;
https://www.bls.gov/news.release/cesan.nr0.htm
If the OP's chart were true and Americans only spent 5% or so of their expenditures for food, and expenditures are $60,000, then only $3,000 per year is spent on food? Let's say that's a family of three living on that $60K a year. Food budget would be a mere $1,000 per year, per person? Breaking down even further, to monthly and weekly, that works out to $83 a month, $19 a week and $2.74 per day for each person.
The BLS #'s are much more accurate at 2.5x more spending on food than the OP's chart.
***EDIT****
OH! I get it! The 'Food' doesn't include dining out.
USDA stipulates Americans spend 6% of their income on food and another 5% on dining out. Far as BLS is concerned food is food regardless of whether it's bought in a grocery store or a dining facility. My link shows they break it down to those two components, but classify both as food for the calcs.
