The aging of America isn’t simply straining the Social Security system. It’s also likely to curtail restaurant visits, according to The NPD Group. A recent NPD report, “A Look into the Future of Foodservice,” projects that, while the U.S. population should grow 1.1 percent a year over the next decade, annual visits to restaurants will grow by only 8 percent total during that period. Blame the baby boomers. “The aging effect on the restaurant industry will be slightly negative because of ...
Register to view this article
Registering for Premium Content on Restaurant Hospitality will give youINSTANTaccess to invaluable articles and media content that industry professionals rely on. You will have access to our special reports, feature articles, and industry analysis. It’sFREE, easy and quick.