Over 17 million kids went to college to be waiters or flight attendants. ___
There are many reasons why so many people now work in the low wage sectors of America. As it turns out, the eating habits of Americans have changed dramatically. Only in the last couple of years have Americans spent more on eating out than they do on actual groceries. Too bad the median annual pay for waiters and waitresses in 2015 was $19,250 with tips included. Companies still haven’t figured out how to outsource servers but our manufacturing base that once provided millions with good paying jobs is completely decimated. It also may have to do with a large number of young Americans living at home. Since homeownership is on the decline with the young, discretionary spending on eating out is up. Way up.
Spending on eating out
It is an interesting cross point that for the first time in a generation people are spending more on eating out than they do on groceries. Are Americans just not cooking as much? Is there a preference simply for eating out? Or is it because the rise of the two-income household leaves no time for cooking?
It is probably a mix. But it might also be a part of the culture where people now feel as they should eat out more often. Here is the data:
(Excerpt) Read more at mybudget360.com ...
