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Benzinga
Benzinga
Business
Phil Hall

Why 40% Of Monthly U.S. Food Budgets Are Spent On Restaurants: Report

The record-high inflation level has yet to take a bite out of Americans’ dining out habits, as a new survey from Popmenu found that 40% of individual or family food budgets in the U.S. is spent on restaurants each month.

What Happened: The survey, which polled 1,002 consumers, 45% of consumers eat in restaurant dining rooms at least twice a week. The primary reasons for dining out involve social gatherings — 47% of respondents said they were being reunited with family and friends — and self-congratulatory accolades — 20% ate out to celebrate a new job and 18% savored signing a new business deal.

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