Kumcu, Aylin; Kaufman, Phillip R. - In: Amber Waves (2011) September
During the 2007-09 recession, inflation-adjusted food expenditures by U.S. households fell 5 percent—the largest decrease in at least 25 years. Spending patterns differed by income level, with middle-income households curbing expenditures the most. Households responded to the recession by...