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CHART OF THE DAY: How The Recession Turned Us Into A Nation Of Teetotaling Canned-Veggie Fiends

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The below chart comes courtesy of The Economist. It paints an interesting picture of how the Lesser Depression changed consumer spending habits. One way to look at this is that in an economy as depressed as ours, people make durable necessities -- cars, furniture, clothes -- last longer. They skimp on frivs like eating out, and when they eat in, they buy cheaper stuff. Notice that real spending on food has dropped but, for instance, canned veggies are all the rage right now.

Spending on some items -- see pets, toys, etc. -- increased a bit, but less than you'd expect in good or even normal economic times.

And perhaps the best news is that people haven't responded to all the bad news by indulging in unhealthy vices. Thanks in large part to a surge of cigarettes taxes, real spending on tobacco products is way down, as is spending on alcoholic beverages -- though that could reflect a transition away from fancy beverages toward cheap American beers, and an equal level of drunkenness.

About The Author

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Brian Beutler is TPM's senior congressional reporter. Since 2009, he's led coverage of health care reform, Wall Street reform, taxes, the GOP budget, the government shutdown fight and the debt limit fight. He can be reached at brian@talkingpointsmemo.com

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