Cheapest Food in History

The USDA recently updated its report on "Food expenditures as a share of disposable personal income," and reported that in 2009, Americans spent 9.47% of their disposable income on food (5.55% on food at home and 3.93% on food away from home).  The share of income spent on food last year was just slightly higher than the 9.42% in 2008, which is the all-time record low (see top chart above).