Infographics

Restaurants Beating Groceries In Sales: What’s Driving The Trend?

In 2015, restaurant sales in America surpassed grocery store sales for the first time in modern history. This trend has continued over the recent years, and in January of this year $56 billion was spent on grocery sales, while consumers spent $61 billion in restaurants in that same time period. The likely culprit? More than a quarter of Americans still don’t know how to cook. There are other reasons for the uptick in ordering and dining out, as well. Many Americans are working longer hours and the thought of both cooking and cleaning up afterward make letting someone else do the work sound a lot more appealing.

 

But maybe it’s not quite that simple, after all. Many Americans are going vegan, which can mean significant savings at the grocery store. One writer from CNBC

went vegan for a month and discovered he’d saved over $100 on food that month, all while losing 10 pounds. Another

CNBC writer discovered Millennials are spending more on dining out than they are saving for retirement — 49% do so — and an even more staggering figure shows that 27% of Millennials are spending more on coffee than they are on retirement savings. 

 

Related Post

Another factor that has driven up restaurant spending is the economy. A MarketWatch report shows that restaurant spending rose 2.6% in 2018, while spending on groceries rose just half of a percent. But it may not be so easy to say that people are eating out more and buying fewer groceries. According to the report, the cost of many grocery items has fallen, which could account for the lack of growth in spending in that area.

 

In short, there may be a wide variety of factors driving the uptick in restaurant spending. Clearly the 25% of Americans who don’t know how to cook aren’t driving this trend by themselves. Cooking and cleaning take a lot of time, and that’s not even counting the time spent planning meals and grocery shopping, though apps and delivery services can even help with that these days. Learn more about the

gadgets and tech that can make cooking easier from the infographic below.

Brian Wallace

Brian Wallace is the Founder and President of NowSourcing, an industry leading infographic design agency based in Louisville, KY and Cincinnati, OH which works with companies that range from startups to Fortune 500s. Brian also runs #LinkedInLocal events nationwide, hosts the Next Action Podcast, and has been named a Google Small Business Advisor for 2016-present.

Share
Published by
Brian Wallace

Recent Posts

Ripple (XRP) Confirms Launch of RLUSD On Ethereum, ETH Tokens Eye Major Recovery

Crypto solutions provider Ripple (XRP) recently announced that it has launched its new stablecoin, RLUSD,…

4 hours ago

Influencer Support Catapults BlockDAG To A $52.5M Presale, Outperforming Shiba Inu And BNB Chain

While Shiba Inu intrigues the market with optimistic price forecasts and BNB Chain debuts its…

4 hours ago

DOT Drops Below $6 As Google Search “AI” Reaches 5-Year Peak! What’s In Store For Fetch.ai and Raboo?

The top crypto coins are in a fix on how to deal with Bitcoin's decline,…

11 hours ago

Bitcoin Eyes $70K Amid Market Shifts, Solana Faces 45-Day Low, Furrever Token’s Adorable Gains – Can It Keep Up?

As the cryptocurrency market experiences significant fluctuations, three notable digital assets—Bitcoin, Solana, and Furrever Token—are…

12 hours ago

DEGEN Ranks No.2 In Memecoin Metrics Despite Notable Value Decline

DEGEN has recently achieved an impressive ranking, securing the #2 spot across various on-chain metrics…

12 hours ago

Address 0x846…f82D7 Realizes $2.25 Million Profit From $RNDR Amid Growing Holder Base

Address 0x846...f82D7 is suspected to have successfully cleared its 640,000 $RNDR coins acquired five months…

13 hours ago