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Eating Out is Big Business

CBS Market Watch:

Generation Y Americans, those age 16 to 27, eat out 24 times a month on average, according to the November survey of 1,000 consumers by Technomic, a Chicago-based market-research firm focused on the food industry.

“The Y generation purchases food from restaurants almost once a day on average,” said Michael Allenson, a principal at Technomic.

As they get older, get married and have kids, Americans tend to eat out less often.

But Generation Xers, age 28 to 39, still dine out 21 times a month, while baby boomers age 40 to 58 make an average of 19 restaurant visits monthly. And the so-called swing generation, those 59 to 71 years old, dine out 16 times a month on average.

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