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Understanding the Components of U.S. Food Expenditures During Recessionary and Non-Recessionary Periods

Author

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  • Zeballos, Eliana
  • Sinclair, Wilson
  • Park, Timothy
Abstract
According to the U.S. Department of Agriculture, Economic Research Service’s Food Expenditure Series, total spending on food and beverages in the United States reached $1.8 trillion in 2019. While real per capita total food expenditures steadily increased through the decades, the share of expenditures at food-at-home (FAH) establishments decreased from 1997 until 2019 and then increased abruptly in 2020. To better understand changes in food spending and its composition during 1997–2020, this study utilizes a structural decomposition analysis. The analysis compares: the roles of variations in aggregate income, propensity to spend versus to save, propensity to spend on food versus non-food, and substitution between FAH and food away from home (FAFH) during non-recessionary periods. These periods include the Great Recession (December 2007 to June 2009) and the Coronavirus (COVID-19) Recession (February to April 2020).

Suggested Citation

  • Zeballos, Eliana & Sinclair, Wilson & Park, Timothy, 2021. "Understanding the Components of U.S. Food Expenditures During Recessionary and Non-Recessionary Periods," USDA Miscellaneous 316348, United States Department of Agriculture.
    • Handle: RePEc:ags:usdami:316348
    DOI: 10.22004/ag.econ.316348
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    Cited by:

    1. Patrick W. McLaughlin & Alexander Stevens & Shawn Arita & Xiao Dong, 2023. "Stocking up and stocking out: Food retail stock‐outs, consumer demand, and prices during the COVID‐19 pandemic in 2020," Applied Economic Perspectives and Policy, John Wiley & Sons, vol. 45(3), pages 1618-1633, September.
    2. repec:ags:aaea22:335543 is not listed on IDEAS
    3. Okrent, Abigail & Zeballos, Eliana, 2022. "COVID-19 Working Paper: Consumer Food Spending Changes During the COVID-19 Pandemic," USDA Miscellaneous 333545, United States Department of Agriculture.
    4. Clement O. Codjia & Sayed H. Saghaian, 2022. "Determinants of Food Expenditure Patterns: Evidence from U.S. Consumers in the Context of the COVID-19 Price Shocks," Sustainability, MDPI, vol. 14(13), pages 1-17, July.

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    Keywords

    Consumer/Household Economics; Demand and Price Analysis; Financial Economics; Food Consumption/Nutrition/Food Safety; Public Economics;
    All these keywords.

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