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Jan 15, 2013 01:23 PM

50% of your income on food

Short read on the travails of young foodies in NYC:

My favorite sentence is this: "It surely comforts modern parents who have spent fortunes educating their children to know that these children are spending money on pork belly and not, for instance, cocaine."

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  1. I'd like to know where I can get a 6% return on my cash investments.

    1. That article interested me as well, especially since the description of what a "foodie" was back in 1990 fit my grad school friends and me to a T. I'm glad my DH and I have spent the last 20 years putting money in our 401K and not spending it eating out every night!

      1. Obviously 50% of someone's income is relative. But it might be interesting to be invited along for dinner a few nights running with someone who spends that proportion of their income on food and earns, say, $150,000.00 a year. Would the cost of such meals include air fare? Hard to imagine it would not.

        Food as recreation is an interesting thought, but it's also a danger to the senses. With time, you may become inured. Then there is the question of how long the "thrill of the moment" will remain with you. At age 79, I can honestly say that I have been blessed and privileged by some incredible food experiences, and would not lightly forego any of them. However, the miserable truth is that the disastrous experiences keep a sharper edge in memory than the great ones do. Undoubtedly a quirk of human nature. <sigh> I can only wish I wasn't quite so human.

        1. The article is cute, but fails to include much substance.

          Having grown up in the US, and having lived for a few years in the US as an adult with a full-time job and buying my own groceries/food - and now living abroad (with a full-time job and buying my own food) - the average percentage of one's income spent on food in the US is a lot lower than in many other countries. So if the article was about young people being willing to spend a higher percentage of their income on buying groceries due to valuing local farmers, fair trade products, private business owners, etc. - then I think that's one story.

          If the story is about fine dining being the new luxury good that young people are happy to spend lots of money on as opposed to any other entertainment/luxury good - that's another story. Instead the journalists got two quotes, and chided young people to save their money. As though 20 yr olds during the 90's didn't spend lots of money on cds, clothes, clubs, concerts, electronics, and such.