From the rise of fast-casual restaurants to the ease of delivery services, eating prepared food is a convenient proposition in 2016. And it seems that millennials are taking advantage of that, spending more of their food budget on dining out than ever before.
Millennials spend 44 percent of their food dollars – or $2,921 annually – on eating out , according to the Food Institute’s analysis of the United States Department of Agriculture’s food expenditure data from 2014. That represents a 10.7 percent increase from prior data points in 2010.
In contrast, baby boomers in 2014 spent 40 percent of their food dollars on eating out or $2,629 annually.
To read the full story, click here.