The following chart shows roughly how much of our food dollars are spent in restaurants.
Click to enlarge.
I'm not at all convinced that the overall upward long-term trend is sustainable. In the distant future will we really be so prosperous that 100% our food dollars will be spent in restaurants?
I can't speak for others, but when I retired I actually ate out a lot less. That was especially true once the economy started falling apart. Call me crazy.
Note that there was a glimmer of hope that we were moving up and away from the most recent trend line in red. However, that's not been the case since April. I might even be so bold as to suggest that it has a certain return to the trend line look about it.
U.S. Census: Monthly Retail Sales
This June - This June both the Fed and the OPEC meet to discuss policy changes. The Fed will announce its highly anticipated interest rate increase. How that may occu...
2 hours ago