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Last evening, on ABC News, it was reported that Americans now budget more money for eating meals out of the house than they spend for food to prepare at home.
For 20-50 years old, after housing, eating-out was the next largest item in the yearly budget.
For, 50+ year olds, eating out was the 3rd. largest item after housing and medical care.
While people like Bill Clinton might consider this good for the economy (service jobs and lower unemployment, employment in cases of the illegal immigrants), I think it is a tragedy in terms of personal finance (don't forget the billions of unnecassary miles driven weekly in this country just to reach the restaurants and fast-food places) and health issues.
I bet many who post here eat few meals out of the house.
For 20-50 years old, after housing, eating-out was the next largest item in the yearly budget.
For, 50+ year olds, eating out was the 3rd. largest item after housing and medical care.
While people like Bill Clinton might consider this good for the economy (service jobs and lower unemployment, employment in cases of the illegal immigrants), I think it is a tragedy in terms of personal finance (don't forget the billions of unnecassary miles driven weekly in this country just to reach the restaurants and fast-food places) and health issues.
I bet many who post here eat few meals out of the house.