the economics of all that are different depending on where you live.
some cities eating out not very expensive compared to the time and cost of preparing food at home.
other cities, it’s wildly cheaper to eat at home than eat out.
also depends on the food in question, the quality, and the market. Where I live $5 is a cup of coffee at the nice cafe, but there is no way that’s buying you a proper meal for dinner at home either, that is closer to $10, but that same meal at a restaurant will run you $50+ And meal box services are VERY popular due to the fact their volume purchasing lowers the per meal cost to around the same as making your own food.
further, some people just don’t have the energy or time to grocery shop and cook every day, or don’t think the opportunity cost is worth it. lots of folks who can’t afford to eat out, economically speaking, still do because well they don’t prioritize saving or budgeting.
In 1960 the minimum wage was $1.00/hour and the price of the average US home was $11,000.00
the economics of all that are different depending on where you live.
some cities eating out not very expensive compared to the time and cost of preparing food at home.
other cities, it’s wildly cheaper to eat at home than eat out.
also depends on the food in question, the quality, and the market. Where I live $5 is a cup of coffee at the nice cafe, but there is no way that’s buying you a proper meal for dinner at home either, that is closer to $10, but that same meal at a restaurant will run you $50+ And meal box services are VERY popular due to the fact their volume purchasing lowers the per meal cost to around the same as making your own food.
further, some people just don’t have the energy or time to grocery shop and cook every day, or don’t think the opportunity cost is worth it. lots of folks who can’t afford to eat out, economically speaking, still do because well they don’t prioritize saving or budgeting.