Friday, July 04, 2025

"Recent inflation has pushed food prices up, but over the long-term, food has become far more affordable.

In 1930, Americans spent a quarter of their income on food.  - Human Progress@HumanProgress
Recent inflation has pushed food prices up, but over the long-term, food has become far more affordable. 
  • In 1930, Americans spent a quarter of their income on food. 
  • Today, that's fallen to around 10 percent.

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