Share of disposable personal income spent on food continues to decline in 2024

In 2024, U.S. consumers spent an average of 10.4 percent of their disposable personal incomes on food, a decrease from 10.6 percent in 2023. This decline shows a small shift in consumer spending habits. Specifically, the budget share allocated to food-at-home spending decreased from 5.0 percent in 2023 to 4.9 percent in 2024. This indicates that consumers are spending a smaller portion of the money they have left after taxes on groceries and other food items they prepare and consume at home. The share of disposable income allocated to food-away-from-home spending, such as dining out at restaurants, remained unchanged at 5.5 percent in 2024.