News

23435 readers

2558 users here now

Welcome to the News community!

Rules:

1. Be civil

Attack the argument, not the person. No racism/sexism/bigotry. Good faith argumentation only. This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban. Do not respond to rule-breaking content; report it and move on.

2. All posts should contain a source (url) that is as reliable and unbiased as possible and must only contain one link.

Obvious right or left wing sources will be removed at the mods discretion. We have an actively updated blocklist, which you can see here: https://lemmy.world/post/2246130 if you feel like any website is missing, contact the mods. Supporting links can be added in comments or posted seperately but not to the post body.

3. No bots, spam or self-promotion.

Only approved bots, which follow the guidelines for bots set by the instance, are allowed.

4. Post titles should be the same as the article used as source.

Posts which titles don’t match the source won’t be removed, but the autoMod will notify you, and if your title misrepresents the original article, the post will be deleted. If the site changed their headline, the bot might still contact you, just ignore it, we won’t delete your post.

5. Only recent news is allowed.

Posts must be news from the most recent 30 days.

6. All posts must be news articles.

No opinion pieces, Listicles, editorials or celebrity gossip is allowed. All posts will be judged on a case-by-case basis.

7. No duplicate posts.

If a source you used was already posted by someone else, the autoMod will leave a message. Please remove your post if the autoMod is correct. If the post that matches your post is very old, we refer you to rule 5.

8. Misinformation is prohibited.

Misinformation / propaganda is strictly prohibited. Any comment or post containing or linking to misinformation will be removed. If you feel that your post has been removed in error, credible sources must be provided.

9. No link shorteners.

The auto mod will contact you if a link shortener is detected, please delete your post if they are right.

10. Don't copy entire article in your post body

For copyright reasons, you are not allowed to copy an entire article into your post body. This is an instance wide rule, that is strictly enforced in this community.

founded 2 years ago

MODERATORS

[email protected]

401

Americans are spending the biggest share of their income on food in 3 decades (www.cbsnews.com)

submitted 9 months ago by [email protected] to c/[email protected]

66 comments fedilink hide all child comments

Between groceries and restaurants, Americans are spending more of their income on food than they have in 30 years.

That's according to the latest data from the USDA, which shows that U.S. consumers spent more than 11% of their disposable income on eating — whether at home or at a restaurant — in 2022, the highest percentage since 1991.

"This is really a metric that's about the share of our disposable personal income which the USDA tracks, and which recently was at essentially a 31-year high," Jesse Newman, food reporter for the Wall Street Journal, told CBS News.

Experts say painfully high food prices, and ongoing inflation more generally, help explain why many Americans are down on the economy despite low unemployment, rising wages and steady economic growth. Inflation is expected to continue slowing this year, with the National Association for Business Economists on Monday forecasting that the Consumer Price Index (CPI) — a basket of common goods and services — will decline to an annual rate of 2.4% this year, compared with 4.1% in 2023 and 8% in 2022.

you are viewing a single comment's thread
view the rest of the comments

[–] [email protected] 21 points 9 months ago* (last edited 9 months ago) (3 children)

Haven't you heard? Cereal is now for dinner too according to Kellogg's CEO, and I guess that means it can be more expensive! But shhh, don't tell your nutritionist because they'll let you know that most modern cereal is actually more of a snack than something suitable for a main meal. You'd think access to affordable, nutritious food would be a pretty basic human right for countries to ensure, but instead we have things like cereal prices rising an average 28% since 2020 (12% in the last year alone).

[–] PaupersSerenade 13 points 9 months ago

I’m convinced that asshole brought up cereal for dinner because most people will skip breakfast when trying to cut food costs. I know I do

[–] [email protected] 12 points 9 months ago

I buy that cheap shit in the huge ass bag. Fuck Kelloggs.

[–] [email protected] 5 points 9 months ago (1 children)

Not to leave out the boxes getting smaller.

[–] [email protected] 5 points 9 months ago* (last edited 9 months ago)

Hear hear. Shrinkflation is maddeningly annoying.