US Alcohol Spending Share Hits Record Low
The share of US household spending that goes to alcohol fell last year to its lowest level on record. Livemint reports it as the latest sign that Americans are continuing to cut back on drinking. Alcohol now takes a smaller slice of household budgets than at any point in the recorded data.
Context
Context: Health concerns, higher prices and changing social habits have been linked to younger Americans drinking less in recent years. Alcohol makers, bars and drinks brands have all felt the effect of this slow shift.
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