Question: During the Great Recession of 20082009, families worldwide faced reduced disposable income and cut back on non-essential spending. In the United States, food spending at
During the Great Recession of 2008–2009, families worldwide faced reduced disposable income and cut back on non-essential spending. In the United States, food spending at grocery stores actually declined by 5% between 2006 and 2009, according to the Bureau of Labor Statistics. However, one category of spending still increased by 18% during this period. What product saw this rise in demand during the recession, and why?
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The product that saw an increase in demand during the Great Recession was fast food and inexpensive restaurant meals While many households reduced the... View full answer
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