What Americans spend on lunch
While 30% of workers skip eating out, a few average $50 per meal. You'll be surprised at which income group spends the most on average.
Admittedly, just being able to swipe a card and eat makes it a lot easier, but that also makes those meals add up. A survey of 1,005 U.S. workers conducted by Visa (V) found that 70% of them go out for lunch and spend an average of $936 a year doing so. That doesn't count runs to Starbucks (SBUX) or Dunkin' Donuts (DNKN) for coffee or trips to the vending machine or newsstand. The figure is just straight-up lunch.
U.S. workers go out an average of about twice a week and keep it to $10 per outing, which is a whole lot easier to do when your office isn't surrounded by eateries or food trucks. However, the regional differences in spending have little to do with cuisine and, seemingly, a whole lot more to do with weather and cost.
Midwesterners are in the middle of the pack, with about 1.7 lunch trips a week, but they spend only $8.90 per meal. Northeasterners head out of the office a relatively scant 1.5 times a week -- but spend more than $11.40 every time they do. Westerners get help from the food trucks when sticking to the national average of $10 per meal for the 1.8 times a week they head out. And Southerners take advantage of their climate by going out twice a week and spending a whopping $20 each time.
That's still less than the 1% of all Americans who spend $50 per lunch, or $5,000 a year. We realize that sometimes a client needs to be impressed or that your lunch place of choice gets upgraded as you climb the company ranks. But the Visa survey indicates that it isn't always the folks in the corner offices spending their hour slicing up a steak at Delmonico's.
Those who said they make less than $25,000 per year spent more per meal, at $11.70, than those in any other income bracket. By contrast, those earning more than $50,000 per year spent an average of $9.60 per meal. That's a 22% swing between the haves and have-nots.
However, the smartest folks in the survey just might be the 30% who don't eat lunch out at all. If you can save almost $1,000 a year by brown-bagging it (or fasting), maybe that sub or kebab can wait.
I eat lunch for about $5 a month.
yes it gets old, but I have other things I would rather spend the money on, like paying off my home.
everyone needs to stop reading aimee picchi. stop clicking on her links. i know this isnt one by her but just getting the word out.
aimee is awful
Copyright © 2014 Microsoft. All rights reserved.
Fundamental company data and historical chart data provided by Morningstar Inc. Real-time index quotes and delayed quotes supplied by Morningstar Inc. Quotes delayed by up to 15 minutes, except where indicated otherwise. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by Morningstar Inc.
[BRIEFING.COM] The major averages punctuated a solid week with a subdued Friday session. The S&P 500 shed 0.2% to narrow its weekly gain to 1.7%, while the Nasdaq Composite (+0.1%) displayed relative strength. The tech-heavy index finished the week in line with the benchmark average.
Market participants went into today's session expecting to hear some new insight from Fed Chair Janet Yellen, who delivered the keynote address at this year's Jackson Hole Symposium. Unfortunately, the ... More
More Market News
These companies won't soar like other plays in the sector, but they make for great income sources.
MUST-SEE ON MSN
- Video: Easy DIY smoked meats at home
A charcuterie master shares his process for cold-smoking meat at home.
- Jetpacks about to go mainstream
- Weird things covered by home insurance
- Bing: 70 percent of adults report 'digital eye strain'