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Saturday, June 27, 2009

Mmm, Crumble: Eating Away Recession Woes

The BBC reports on how this recession, just like previous ones on record, illustrate that although people generally have to tighten their belts in hard times, eating habits don´t suffer. The supermarkets in the UK are apparently still doing a roaring trade. One of the reasons is that the amount of disposable income has increased through the years and so proportionally less is spent on food and basics. Although this means that spending on food is likely to remain relatively stable in the long term, since the amount of disposable income and thus the amount spent on luxuries increases, when times do become hard, this could lead to bigger dips in spending and deeper economic woes.

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