Despite the current economic downturn, the vast majority of Americans are still spending their money eating out. A recent article from USA Today explains that between 2007 and 2008 there was no change in the amount of people purchasing meals outside of the home. According to NPD Group, a marketing research firm, Americans bought 1% more meals at a restaurant in November of 2008 than November 2007.
As NPD vice president Harry Balzar states: "There hasn't been a recession in eating. We may postpone a car purchase or a new coat, but we won't postpone eating." The survey USA Today refers to deals with all kinds of eating out, whether it's at a three-star Michelin restaurant or McDonald's. I'd be curious to know how certain categories of restaurants are holding up through this economic decline. The article does point out that people are trying to save money and time, and, as a result, they are turning to "inexpensive takeout options."
Check out the poll below to let us know if your eating habits have changed.
|No. I eat out more.||24 (4.5%)|
|No. I eat out the same amount as I did before.||274 (51.8%)|