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Skyrocketing Beef Prices Finally Have Americans Reaching Their Spending Limit

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Consumer Skyrocketing Beef Prices Finally Have Americans Reaching Their Spending Limit Aaron Kaufman used to meet his lofty daily protein goals — a gram for each pound he weighs — with ground beef. Then in the spring the 32-year-old moved from Brooklyn to Manhattan. To offset the higher cost of rent, he has been spending more on groceries instead of eating out.

Consumer Skyrocketing Beef Prices Finally Have Americans Reaching Their Spending Limit Aaron Kaufman used to meet his lofty daily protein goals — a gram for each pound he weighs — with ground beef. Then in the spring the 32-year-old moved from Brooklyn to Manhattan. To offset the higher cost of rent, he has been spending more on groceries instead of eating out. But on his first visit to the local grocery store, he saw that ground beef was $8 a pound, compared with $6 in Brooklyn. He decided to switch proteins, leaning largely on cheaper options such as chicken.
Aaron Kaufman (PERSON) Brooklyn (LOCATION) Manhattan (LOCATION)
Originally published by Bloomberg Technology Read original →