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Average annual food expenditures in urban households rose 59 percent from $985 per person in 1980 to $1,567 in 1992 While per person income rose 94 percent from $6,916 to $13,398. As a result, the percent of household income spent on food declined from 14.2 to 11.7 percent Annual spending per...
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Consumer spending at full-service and fast food restaurants will continue to grow over the remainder of this decade and the next. However, the larger increase is predicted to occur at full-service restaurants. Simulations assuming modest growth in household income plus expected demographic...
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By 2020, the effects of demographic changes and income growth will increase per capita spending on food 7.1 percent. Income growth alone, which will effect spending increases of almost 10 percent on away-from-home foods and 3 percent on at-home foods, will raise per capita food spending about 6...
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This report expands aggregate lifecycle expenditure analysis by separating generational or cohort effects from aging effects. This is important since different generations or age groups may exhibit expenditure patterns that are the result of higher incomes and/or different tastes and...
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