Community Focus - Food Check-Out
- January 28, 2010
The cost of food in America remains affordable. American consumers spend, on average, just over 10 percent of their disposable income for food, according to the U.S. Department of Agriculture’s Economic Research Service.
That means the average household will have earned enough disposable income - that portion of income available for spending or saving - to pay for its annual food supply in about seven weeks, said Kentucky Farm Bureau president Mark Haney.
“America’s food supply is the most affordable as well as the safest in the word,” Haney said. “Domestic foods that are produced by farmers in Kentucky and throughout the United States are responsible, in part, for our nation’s increased standard of living.”
In recognition of this, Todd County Farm Bureau is celebrating Feb. 21-27, 2010, as Food Check-Out Week.
Long after Food Check-Out Week, Americans are required to continue earning income for other necessities. “We work longer to pay for housing, federal taxes and medical care than for food,” Haney said.
The Tax Foundation has reported that Americans must work 52 days each year to pay for health and medical care, 62 days to pay for housing/household expenses and 77 days to pay their federal taxes.
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