In America, the most sold thing is food. More specifically, the most sold thing is fast food. This is because fast food is convenient and relatively cheap. It is also fairly easy to find, as there are many fast food restaurants located across the country.
Food at home: $4,464
Every year, American consumers spend billions of dollars on food. The average household spends about $4,464 on food at home, according to the latest data from the U.S. Department of Agriculture. That’s more than 10 percent of the average family’s budget.
Food is a necessity, but it’s also a source of pleasure and enjoyment. Cooking at home can be a fun and relaxing activity, and eating out can be a treat. But as anyone who has ever tried to lose weight knows, food can also be a source of frustration and guilt.
There are so many choices available these days that it can be overwhelming trying to figure out what to eat. And with all the conflicting information out there about what is healthy and what isn’t, it’s no wonder people are confused about how to make good choices for themselves and their families.
There are some simple guidelines that can help you make better choices when it comes to food: 1) Eat more fruits and vegetables: Fruits and vegetables are packed with nutrients that are essential for good health. They’re also low in calories and fat, so they can help you maintain a healthy weight. Aim for at least five servings of fruits and vegetables every day. 2) Choose lean protein sources: Lean meats, poultry, fish, beans, tofu and eggs are all good sources of protein that are low in saturated fat. Limit your intake of fatty meats like bacon, sausage, ham as well as processed meats like lunchmeat, jerky, dry salami. 3) Cut back on sugar: Too much sugar can lead to weight gain, cavities, diabetes. Choose foods that are naturally sweet or unsweetened instead of those that have added sugars. 4) Limit salt: Eating too much salt can raise your blood pressure. Look for foods that contain less sodium or no salt added. 5) Drink plenty of water: Water is essential for good health. It helps your body flush out toxins, carry nutrients to cells, and keep you hydrated. Aim for eight glasses of water a day.
Food away from home: $3,459
In 2019, American consumers spent an average of $3,459 per person on food away from home. This includes both food purchased at restaurants and other food service establishments, as well as takeout and delivery. The vast majority of this spending (75%) went to restaurants, while the remaining 25% was split between takeout/delivery (15%) and other food service establishments such as caterers, school cafeterias, and workplace dining facilities (10%).
Food away from home has become an increasingly popular option in recent years, as Americans have become busier and time-strapped. According to the National Restaurant Association, about half of all adults say they don’t have enough time to cook meals at home as often as they would like. And even when they do cook at home, many Americans are turning to restaurant-quality ingredients and prepared foods to make their meal prep easier.
Not surprisingly then, the majority of spending on food away from home goes towards dinner. In 2019, Americans spent an average of $1,721 per person on dinner out – that’s more than any other meal occasion. Lunch comes in a distant second place with an average spend of $711 per person followed by breakfast ($457) and snacks/other ($470).
When about where we’re spending our money on food away from home though there are some notable differences by generation. Older adults aged 55+ are more likely than any other age group to patronize full-service restaurants while millennials are most likely to turn to quick-service or fast casual eateries. And when it comes to takeout/delivery options millennials are again leading the way with nearly half saying they’ve ordered delivery in the past month compared to just 33% of boomers aged 55+.
Vehicle purchases: $3,975
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In the United States, vehicles are among the most commonly purchased items. In 2019, Americans spent an average of $3,975 on vehicle purchases, according to data from the National Retail Federation. This figure includes both new and used vehicles.
Americans have a strong preference for light trucks, which include SUVs, pickups, and vans. In 2019, nearly 70% of all vehicle sales in the United States were light trucks. This is partly due to changing consumer preferences; SUV sales have been growing steadily for years while sedan sales have declined.
The average price of a new vehicle in the United States was $36,718 in 2019; used vehicles averaged $19,558. Sales of luxury vehicles (vehicles that cost more than $45,000) have been growing rapidly in recent years as well. In 2019, luxury vehicle sales accounted for 10% of all U.S. vehicle sales even though luxury vehicles make up less than 2% of all registered passenger vehicles on the road.
There are a number of factors that contribute to high vehicle prices in the United States. One is that American consumers tend to purchase more expensive cars than consumers in other countries. For example, while compact cars are popular in Europe, American consumers prefer larger, more expensive cars such as SUVs and pickup trucks. Another factor is that taxes and fees associated with purchasing a car are relatively high in the United States; these can add several thousand dollars to the price of a car. Finally, labor costs associated with producing cars are higher in the United States than they are in many other countries. These higher labor costs result at least partially from differences between U.S. and foreign labor laws.
Gasoline, other fuels: $2,109
As the most sold thing in America, gasoline and other fuels are a big part of our economy. In 2016, we spent a total of $2,109 on gasoline and other fuels. This was an increase of $19 from the previous year. The average price per gallon of regular gas was $2.49 in 2016.
We use gasoline and other fuels for many things. We use it to power our cars, trucks, and buses. We also use it to heat our homes and businesses during the winter months. Gasoline is a very important part of our economy and we will continue to use it for many years to come.
Personal care products and services: $768
Americans spend a lot of money on personal care products and services. The industry is worth $768 billion, making it one of the most valuable in the country. There are a number of reasons why this industry is so successful.
One of the main reasons is that people are increasingly focusing on their appearance. This is especially true for millennials, who are often willing to spend more money on looking good than older generations. This has led to a boom in businesses that offer personal care services, such as hair and beauty salons.
Another reason for the industry’s success is that people are living longer and healthier lives. This means that they have more disposable income to spend on luxuries like personal care products and services. Additionally, as people age they often become more concerned about their appearance, leading to increased demand for these products and services.
Finally, the rise of social media has also played a role in boosting the personal care industry. Social media platforms like Instagram have created a new generation of influencers who promote various brands and products to their followers. As a result, many people now see personal care as an important part of their lifestyle and are willing to invest more money in it than ever before.
Entertainment: $3,226
It’s no secret that Americans love their entertainment. Whether it’s going to the movies, watching television, playing video games or listening to music, we always find a way to occupy our time with some form of entertainment. And we’re willing to spend a pretty penny on it too.
In fact, according to The NPD Group, a leading market research company, Americans spent a total of $3,226 on entertainment in 2016. That includes money spent on movie tickets, home video (including digital), video game software and hardware, music CDs and downloads, as well as streaming services like Netflix and Spotify.
Not surprisingly, the largest chunk of that spending – $1,452 – went towards going out to the movies. That includes both ticket sales and concessions like popcorn and candy. Home video was the second most popular category with consumers spending $937 on DVDs/Blu-rays and digital rentals/purchases.
Video games came in third place with American’s shelling out $730 on game software and hardware last year. This is likely due in part to the release of several highly anticipated titles like “Batman: Arkham Knight,” “Fallout 4” and “Star Wars Battlefront.” Music rounded out the top four categories with spending totaling $507 in 2016 – this figure includes both physical formats like CDs as well as digital downloads and streaming services.