Report details consumer spending trends by demographics
Generation Z, or those under 25, spent a relatively equal amount on food at-home vs. away-from-home.
Between 2016-2017, total expenditures on food increased nearly $526 for the 130,001 consumers tracked by the Bureau of Labor Statistics, according to analysis from the Food Institute, Upper Saddle River, N.J.
The report, “Demographics of Consumer Food Spending,” reveals that spending for food at-home and food away-from-home jumped $314 and $211, respectively, in 2017. Decreases were reported across all age brackets for both at-home and away-from-home spending, with the 35- to 44-year age bracket decreasing its at-home food spend by $402.