Food and clothing costs go down
Created: 6/15/10 (Tue) | Topic: Education
Our friends from Texas Farm Bureau have crafted a pretty interesting blog about the costs to raise kids these days, compared to back in the 1960s.
The really good news?
..."(T)he cost percentage for food and clothing registered a rather dramatic drop over the last half century. Clothing costs slipped from 11 percent of the total in 1960 to 6 percent in 2009. And food costs plunged from 24 percent in 1960 to 16 percent in 2009."
Why the dramatic decrease in food and clothing percentages?
You guessed it! Agriculture technology.