Attachment VI

 

Potential Impact on Consumer of the Compact Over-Order Obligation on Annual Food Spending, by Income

 

Income Groups: 20% of Households in Each Group

                                  

                                              Lowest          Second       Third           Fourth      Highest

Characteristics of Household

Income after taxes

$7,101

$17,576

$30,186

$48,607

$99,656

Average Number of:

 

 

 

 

 

People

1.8

2.2

2.5

2.8

3.1

Children under 18

0.4

0.6

0.7

0.8

0.8

People 65 and over

0.4

0.5

0.3

0.2

0.1

Earners

0.7

0.9

1.3

1.8

2

 

Average Annual Milk Expenditures

Total

$16,750

$24,840

$33,029

$45,998

$75,015

Food

$2,715

$3,773

$4,799

$6,218

$8,568

Fresh Milk and Cream

$85

$105

$129

$153

$169

Additional Cost due to Compact Over-Order Regulation*

$5

$6

$7

$9

$10

As percent of expenditures

0.0%

0.0%

0.0%

0.0%

0.0%

As percent of food expenditures

0.2%

0.2%

0.2%

0.1%

0.1%

 

Average Annual Food Expenditures

                                                      Lowest           Second      Third           Fourth      Highest



 

 

Total

$2,715

$3,773

$4,799

$6,218

$8,568

Food at home

$1,834

$2472

$2832

$3,637

$4,273

Fresh milk and cream

$85

$105

$129

$153

$169

Cereals and bakery products

$292

$372

$424

$555

$661

Meats, poultry, fish and eggs

$504

$655

$713

$911

$1,008

Dairy products

$199

$267

$319

$411

$492

Fruits and vegetables

$318

$436

$487

$589

$744

Other food at home

$520

$742

$887

$1,171

$1,369

 

 

 

 

 

 

 

 

 

 

Source: Consumer Expenditure Survey, 1999, Bureau of Labor Statistics, and Compact Commission

 

 

 

* Assumes full amount of average annual over-order obligation ($0.116) is passed on to the consumer.