How America Spends Money: 100 Years in the Life of the Family Budget: This article examines the budget of the typical American family across three time periods: 1900, 1950, and 2003. What I find remarkable is the decline in the cost of food.
In the last 50 years, food and apparel’s share of family has fallen from 42% to 17% (and remember, we were near 60% in 1900) as we’ve found cheaper ways to eat and clothe ourselves. Food production got more efficient [...]
In 1900, food was 43% of the American families budget. in 2003, it was 13%.
We take so much for granted these days. In addition to being so much more expensive, food back then was bland and repetitive. You’d like eat the same meals 90% of the time. Variety was rare. Is it any wonder that spices drove world trade? We’d do anything to make food more palatable, I would guess.