The year 2000 was the peak year for eating out. The number of restaurant visits that year was 216 for every person in the U.S. In the 12 month period ending in February of 2018, the number of restaurant meals per person was 185, and it continues to decline. July of this year was down 1.1%, the 29th consecutive month of decline.
Market researchers cite high student debt, a growing focus on consuming healthy foods, restaurant inflation that is higher than rising food prices at grocery stores, as well as the rise of delivery from grocery stores and ready to prepare meals.
Originally reported in Bloomberg News. See the entire article here.