This is a great reminder of how important it is to support local farmers and small operations, which increase the resilience of the system as a whole.
Food budgets would have to go back to the 1940's or earlier - where they were a significant fraction of take home pay. Now they are almost a rounding error comparatively.
I don't necessarily think that would be a bad thing. A lot of the asset price inflation like homes can be tracked to food and consumer goods taking an increasingly lesser portion of the family budget. Re-balancing this seems wise to me.
ballparking I’d need about low 7-figure after tax pay for my food budget to qualify as a rounding error…
People used to spend ~30% of their income on mass produced basic staple foods with very little meat they cooked at home. You can live like that on like 1$/day. Median household income is over 80k today so we are talking more than an older of magnitude price reduction.
Get regular meal delivery etc and sure you can spend crazy money but it’s not really spending that money on food itself.
You’re not just paying for food here. One possibility is you’re talking things you buy at the grocery store here, but laundry detergent is’t food.
So what’s the actual deal here.