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50% of Americans Say Their Biggest Budget Expense is Food Despite Inflation Slowing
gobankingrates ^ | May 10, 2023 | ёl Bizouati-Kennedy

Posted on 05/17/2023 9:55:53 AM PDT by RomanSoldier19

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To: Mouton

Or, often, the packaging stays the same size, but the amount inside the packaging is smaller. You don’t find out until you get home and open the bag/box, unless you read all the fine print and remember what the weight was the last time.


41 posted on 05/17/2023 11:26:18 AM PDT by Boogieman
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To: Ken Regis

“So-I conclude that 50% of Americans already on their own home and don’t have a mortgage payment.”

or live under bridges for free ...

housing is always the number one living expense, far exceeding the others

here’s one link that shows housing costs are nearly three times what food costs are:

https://www.bankrate.com/banking/savings/average-household-budget/#average-expenses


42 posted on 05/17/2023 11:28:45 AM PDT by catnipman (In a post-covid world, ALL "science" is now political science: stolen elections have consequences)
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To: RomanSoldier19

We pay 530.00 a week for housing. That would add up to a hell of a lot of food. I think any way. I’m not the one who shops.


43 posted on 05/17/2023 11:34:48 AM PDT by TalBlack (We have a Christian duty and a patriotic duty. God help us.)
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To: FlipWilson

Warp 9 to Warp 7.


44 posted on 05/17/2023 11:42:20 AM PDT by wally_bert (I cannot be sure for certain, but in my personal opinion I am certain that I am not sure.)
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To: riri

Bojangles here in SC isn’t too far off.


45 posted on 05/17/2023 11:43:32 AM PDT by wally_bert (I cannot be sure for certain, but in my personal opinion I am certain that I am not sure.)
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To: Nifster

Yup. That’s why gas is up to $4.99 in Phoenix? That “slowing” inflation?


46 posted on 05/17/2023 11:45:02 AM PDT by cld51860 (We’re doomed.)
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To: RomanSoldier19

Take lessons from “The Good Life “.

https://en.m.wikipedia.org/wiki/The_Good_Life_(1975_TV_series)


47 posted on 05/17/2023 11:46:47 AM PDT by wally_bert (I cannot be sure for certain, but in my personal opinion I am certain that I am not sure.)
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To: RomanSoldier19

Own our home, so yes, food is the biggest hit to our budget these days. Followed real close by gas. Just spent $80 to fill our truck from 1/4 tank. Under Trump, it was less than half that. We used to eat out 2 to 3 times a week. Now we might eat out once a month. Prices to eat out are outrageous anymore and portions have gotten smaller. And it’s not just people food that has taken a big hit. Picked up 2 bags of dog food the other day....it went up $6 a bag from the last time I bought it. It’s crazy that it now cost me $121 for those 2 bags. It used to be about $85.


48 posted on 05/17/2023 11:48:09 AM PDT by bohica1
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To: bohica1

What was it like under Obama?


49 posted on 05/17/2023 11:51:52 AM PDT by Armscor38
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To: Leep

“Don’t believe it’s only 50%. More like 80-90%.”

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Food costs are up and for a lot of reasons that are unnecessary. I think we can find agreement there.

You think that for 80-90% of US families their food budget is the biggest part of their budget. This is an absurd statement.

We eat like royalty the two of us for $600/month. That is 12% of our monthly budget, way behind RE taxes, transportation, utilities and even insurance. Our biggest budget expense is savings, that is just north of 50% of our income. If 80-90% of US families have as their biggest budget item food that puts me in the top 10-20% for with whom food is not their biggest budget item this is simply untrue we are established middle class.


50 posted on 05/17/2023 12:00:05 PM PDT by fatboy (')
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To: RomanSoldier19

I suppose rent and health insurance premiums are cheap these days. Nothing like paying 70% of your income just to be alive and not die in the streets.


51 posted on 05/17/2023 12:12:14 PM PDT by bakeneko
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To: fatboy

I amended my post and said it is Secord or third most expensive.

However, using your numbers.
$3,600 a year x a lifetime (75? years) = 270,000. Or,about the average cost of a house.
Not so “absurd”


52 posted on 05/17/2023 12:35:32 PM PDT by Leep (Hillary will NEVER be president! 😁)
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To: RomanSoldier19

After house payment, taxes are my largest monthly expenditure.


53 posted on 05/17/2023 12:44:40 PM PDT by FoxInSocks ("Hope is not a course of action." — M. O'Neal, USMC)
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To: FlipWilson

Happy days indeed. I am going to lose weight using government maffs. I gained ten pounds last month, and only gained 8 pounds this months. I am losing weight. YEEHAW!!!


54 posted on 05/17/2023 1:05:00 PM PDT by Organic Panic (Democrats. Memories as short as Joe Biden's eyes)
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To: RomanSoldier19

To be fair my housing costs (mortgage) would be bigger than the food budget, but not by much.


55 posted on 05/17/2023 1:09:45 PM PDT by Sam Gamgee
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To: fatboy

Our family of six:

out of a dollar to spend:

40 cents straight to the mortgage and property taxes
32 cents to grocery
16 cents to car expenses
6 cents to clothing

It all depends on one’s living situation. But yeah I have a hard time seeing grocery being more than the mortgage unless you are like my mother, who has very specific dietary restrictions.


56 posted on 05/17/2023 1:14:17 PM PDT by Sam Gamgee
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To: Tilted Irish Kilt

” Consumer Price Index: Inflation Slows to 4.9% as Food Prices Finally Begin to Fall “

I thought inflation calculations didn’t include anything we actually used, like food or gas?


57 posted on 05/17/2023 1:15:36 PM PDT by CottonBall (Dems are so confident that they can steal another election that they’re letting Biden run again.)
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To: Tilted Irish Kilt

T.I. Kilt Thanks! (Off to the garden to string up the tomatoes!)


58 posted on 05/17/2023 1:15:40 PM PDT by Pete from Shawnee Mission ( )
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To: Tilted Irish Kilt

T.I. Kilt Thanks! (Off to the garden to string up the tomatoes!)


59 posted on 05/17/2023 1:20:27 PM PDT by Pete from Shawnee Mission ( )
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To: FlipWilson

B.S. flows out of every orifice with the MSM.


60 posted on 05/17/2023 2:16:04 PM PDT by George from New England
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