As the financial crisis deepens, more Americans are cutting back on eating out and staying home cooking their own meals. According to the NPD Group, a market research company, restaurant meals now cost on average about three times what it takes to make a similar meal at home.
While fast-food restaurants are maintaining a relatively steady customer flow, sit-down restaurants are seeing sales plummet. According to Edward E. Leamer, director of the UCLA Anderson Forecast, "There has been so much of a focus on Wall Street and the credit problem, but the real source of the problem in the fourth quarter is going to be consumer spending, and restaurants are one of the canaries in this coal mine." Learn more
While fast-food restaurants are maintaining a relatively steady customer flow, sit-down restaurants are seeing sales plummet. According to Edward E. Leamer, director of the UCLA Anderson Forecast, "There has been so much of a focus on Wall Street and the credit problem, but the real source of the problem in the fourth quarter is going to be consumer spending, and restaurants are one of the canaries in this coal mine." Learn more
Get out that crock pot, and soup and legumes are great for the winter and still basic with some home made bread. Make that home made jam and butter for sandwiches and don't forget the fresh fruits and vegetable. Keep a diary of successful meals and recipe to copy. Home made waffles and then freeze some for another day...you can successfully budget and balance meal with just a little planning and very little effort. Make dinners once a week enough for another meal and freeze. Plan ahead and freeze in baggies fresh produce to quickly use that week for soup, stews, and toppings such as omelets and vegetarian pizzas etc.
Spiegel Online February 13, 2009 Local Produce Movement
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