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Reuters/Kevin Lamarque
US spending at grocery stores jumped by 26% in March.
HELL'S KITCHEN

In March, Americans shopped at the grocery store like it was 1996

Member exclusive by Dan Kopf

Covid-19 has Americans shopping at grocery stores like it was the 1990s. In March 2020, almost 63% of food and drink bought by US consumers was purchased at stores. This was the highest share since January 1996, according to data from the US Census.

The share of food spending at restaurants and bars (including takeout) has been slowly rising for for over half a century. In 1970, only about one quarter of US household expenditures were spent on eating out. By the beginning of 2020, that number had reached about 50%. The Great Recession slowed down the move to eating out from 2008 to 2012, as researchers at the Federal Reserve Bank of St. Louis noted, but only a pandemic could truly reverse the trend.

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