NFS 053 1st Edition Lecture 24 Outline of Last Lecture I A knack for cooking what are the required tools a What do we know about food and culture b Cooking today in the united states c Looking closely at cooking d Cooking tools and skills e Learning to cook Outline of Current Lecture I Cooking is what other people do making sense of cooking in the modern U S a Graphs b Shifts in expenses in the US c USDA Report d From domestic servants to commercial cook what does it mean Current Lecture I Cooking is what other people do making sense of cooking in the modern U S a Graphs These notes represent a detailed interpretation of the professor s lecture GradeBuddy is best used as a supplement to your own notes not as a substitute Budget shares based on data from Table 7 Food Expenditures Data Set ERS USDA at http www ers usda gov data products food expenditures aspx b Shifts in expenses in the US c USDA Report i Is Food Away from Home Consumption a Luxury Good 1 Although increased Food Away from Home expenditure is associated with higher income both in absolute terms and 2 as a share of the household food budget it is not always a luxury item A partial key to understanding how increasing 3 food away from home consumption may impact consumer behavior is the extent to which such consumption is a 4 choice for example made in the evenings or on weekends during leisure hours or more of an obligation made 5 during work hours as well as the extent to which a consumer has alternative dining choices when eating out for 6 example subsidized cafeteria meals are often available at schools or in large institutional work settings d From domestic servants to commercial cook what does it mean i 2006 American households spend almost 50 of their food budget on meals and snacks prepared away from home restaurants hotels schools etc ii 2012 U S residents spent on average about 2 273 or about 6 4 percent of their annual consumer expendituresaccording to the United States Department of Agriculture USDA
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