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Millennials driving restaurant spending

Millennials are hungry and they’re eating out more than they’re eating in.

In March, the Census Bureau reported that for the first time since such records were tabulated in 1992, Americans are spending more money in restaurants and bars than they are in grocery stores. Americans in March spent USD 52.3 billion (EUR 46.6 billion) at restaurants and bars and USD 49.7 billion (EUR 44.3 billion) in grocery stores, according to the U.S. Department of Commerce.

The trend is being driven by millennials, the generation born from the early 1980s to the early 2000s, and the reason, according to the National Restaurant Association, is that this generation views dining out as a social event…

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