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

Maneki Token Surges By 50% In 24 Hours Amidst Whales’ Activity

The cryptocurrency market is abuzz with the meteoric rise of $MANEKI, a token that has…

8 hours ago

BNB Chain Set To Introduce Liquid-Staking On BSC Network

In a strategic move aimed at consolidating and enhancing its network capabilities, BNBChain is gearing…

8 hours ago

BlockDAG’s $20.6M Presale Success and 30,000x ROI Forecast Surpasses Dogwifhat and Worldcoin in the Crypto Race

BlockDAG's ROI Potential Soars From 20,000x To 30,000x After Moon-Shot Keynote As Rivalry with Dogwifhat…

9 hours ago

Looking For The Next Dogecoin (DOGE) Or Shiba Inu (SHIB)? Don’t Miss The ETFSwap (ETF) Presale

Since 2021, crypto investors, especially those who missed out on Dogecoin (DOGE) and Shiba Inu…

19 hours ago

BlockDAG Elevates Crypto Engagement with $2 Million Moon Teaser and Innovative Marketing

BlockDAG Smashes $20 Million Presale Amid Moon-shot Keynote as Raboo (RABT) & Bitcoin SV Prices…

22 hours ago

Crypto Analyst Split Investment Portfolio Between Solana And Algotech (ALGT): Which One Will Bring Higher Returns?

Crypto enthusiasts are assessing the best crypto to invest in. With the market showing signs…

23 hours ago