Consumers Spending Less But Still Want Premium Steaks

  Personal income declines cut protein consumption overall while demand for some branded beef products increases.

Kansas State University (KSU) has released two studies that show consumer incomes are sensitive to price increases of beef; however, top-quality branded products are more immune.

According to KSU economists, a chart of U.S. consumer disposable income and personal consumption expenditures since 1980 from the U.S. Department of Commerce shows long-term growth in the economy progressing in lockstep with "personal consumption expenditures."

To read more about consumer spending trends, click here.

 

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