For Affordable Food, Nobody Has It Better Than US
According to data from the United States Department of Agriculture, when it comes to affordable food, nobody in the world is better off than American consumers. As a percent of household spending, Americans spend only 5.7% on food consumed at home in 2007, the lowest percent in the world (see chart above).
Even our Canadian neighbors spend significantly more on food than we do, as a percent of household spending. Consumers in most European countries spend at least twice as much as Americans for food, and consumers in most emerging market economies like Mexico, Brazil, India, China and Russia spend at least three times as much as we do, and some spend 6-7 times as much as we do.
In fact, food is so cheap in America, that our main food-related problem is obesity, a problem that Mexico, China, India and Pakistan won't be facing until their spending on food falls somewhere close to the current 5.7% level in America.