The price of food, gas, houses, and everything else is sure to be a topic of discussion every time you get together. So what are you doing about it? Are you talking about it or ignoring it?
Spending a lot of cash at the grocery store these days? Ever wonder where your money is going?
According to the IL Farm Bureau, here is a breakdown of where your grocery dollar is going:
19 cents – farm value
38.5 cents – labor
8 cents – packaging
3.5 cents – other costs
4 cents – transportation
4 cents – advertising
3.5 cents – depreciation
3.5 cents – fuels and electricity
4 cents – rent
3.5 cents – business taxes
4.5 cents – before-tax-profits
2.5 cents – interest
1.5 cents – repairs
I’m a little surprised that depreciation costs 3.5 cents. I would have thought advertising and packaging would be higher. Any surprises for you?
Next you buy your grocery food, just remember where each dollar is going.
You can use this info when you are talking about money, shopping, food, consumerism, economy or anything related to food or money.