‘Less than half’ fresh produce sold globally makes any profit

Re:‘Less than half’ fresh produce sold globally makes any pr... by Scoundreller on Wednesday September 20, 2023 @05:24PM (#37590396)

The median income is a lot lower than the average income.

Not even sure how food falls under disposable income. Sounds like a cute way of saying "after-tax income" as if "things to buy otherwise you die" is a luxury"?

From the chart after the one you quoted:

"In 2021, households in the lowest income quintile spent an average of $4,875 on food (representing 30.6 percent of income), while households in the highest income quintile spent an average of $13,973 on food (representing 7.6 percent of income)."

Pretty cool/sad to see the top 20% spending almost 3x/household on food.

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Re:‘Less than half’ fresh produce sold globally makes any pr... by lotsofpulp on Thursday September 21, 2023 @03:34AM (#37594348)

Without knowing number of people per household, you cannot draw any conclusions on the top 20% spending 3x the bottom 20%.

The top 20% might have a disproportionate amount of family of 4+ with kids in their teenage years and parents in their highest earning years.

The bottom 20% might disproportionately be senior citizens collecting Social Security with no kids.

Also, top 20% are living in more expensive regions than bottom 20%. Lots of conflating factors to tease out that would result in 3x not being the correct multiple.

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