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Spending Too Much on Groceries? This Could Be to Blame
Do you know how much you’re paying for food each month?
Probably more than you realize and it’s not just because of inflation.
Depending on your income bracket, you’re spending anywhere from $5,000 to $15,000 per year on food. In 2022, the average consumer spent around $779 per month — or just over $9,000 per year. In 2024 dollars, that’s $837.25 per month.
These days food probably constitutes most — if not all — of your discretionary spending. Considering that most Americans are living paycheck-to-paycheck — meaning they don’t have enough to cover their bills — food costs are a significant pain point for American households.
What’s interesting about the rising cost of food is its relationship to the growing obesity crisis. Five years from now half of the U.S. population will be obese. One in four adults will be considered severely obese.
The obesity epidemic has long been blamed on genetics. In an interview with 60 Minutes, Dr. Fatima Cody Stanford, a Harvard trained obesity medicine physician, argued that millions of helpless Americans are predisposed to obesity due to their genetic makeup. The only way to solve the problem? Pharmaceutical intervention.
