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Study: Americans spend more dining out than on groceries

For the first time, Americans are spending more money dining out than buying groceries.

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For the first time, Americans are spending more money dining out than buying groceries.

Sales at restaurants and bars in March exceeded sales at grocery stores for the first time since the Commerce Department started collecting data in 1992, according to a report by Bloomberg Business.

The report specifies the changing eating habits of Americans and focuses on millennials, who are becoming the country’s largest living generation.

While the younger generation likes to dine out more, the older generation prefer to cook. According to a recent Gallup survey, baby boomers (ages 51-69) are less likely to spend money on dining out, and more likely on groceries.

The Bloomberg report also cites that the National Restaurant Association is aware of the fact that the younger generation has different eating habits and perspective on food than other generations.  

“Millennials view dining out as a social event (i.e. a chance to connect)," the Restaurant Association states on its website. "They tend to favor fast food, deli food and pizza restaurants over coffee shops, high-end dining and casual dining. Their diversity and interest in new things draw them to more ethnic restaurants too."

Despite the fact that groceries can now be purchased at stores like Target and Wal-Mart, the report does not include data from those stores because they are considered “general merchandise retailers."

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