Consumers Spending Less But Still Want Premium Steaks

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

September 2, 2013

1 Min Read
Consumers Spending Less But Still Want Premium Steaks

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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