{
  "id": 17156970,
  "title": "Alcohol’s Share of US Household Spending Falls to Record Low",
  "url": "https://urgent.news/2026/10/30/alcohols-share-of-us-household-spending-falls-to-record-low",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-30T00:54:49.000Z",
  "source": {
    "name": "Live Mint",
    "slug": "live-mint",
    "url": "https://www.livemint.com/news/us-news/alcohols-share-of-us-household-spending-falls-to-record-low-11793321690122.html"
  },
  "original_language": "en",
  "account": "The latest data from the Bureau of Labor Statistics shows that alcohol's share of US household spending fell to a record low of just 0.77% in 2025. This amounted to an average of $630 per household on alcoholic beverages. The Consumer Expenditure Survey revealed that this was the lowest figure since 1984 and just below the 0.78% recorded in 2020 during the Covid lockdowns. The overall share of Americans consuming alcohol dropped to an all-time low of 54% last year, remaining steady this year according to Gallup polls. The number of drinks per week slightly increased in 2026 but remained low. The alcohol sector has faced a sales slump post-pandemic as consumers have turned to wellness and healthier lifestyles. Public health guidance has also highlighted the negative impacts of alcohol. Major liquor companies like Diageo and Brown-Forman have seen their shares plummet more than 50% over the past five years. Beer producers Constellation Brands and Molson Coors have also declined by around 40% and 11% respectively. In response to softer trends, alcohol companies have introduced pre-made cocktails and premium versions, targeting younger drinkers willing to spend more.",
  "summary": "The share of US household spending devoted to alcohol fell last year to a record low, the latest sign that Americans continue to pull back from drinking.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}