Tuesday, December 19, 2006

U.S. alcohol industry sales, profits up

Sales of alcoholic beverages in the U.S. have risen by an inflation-adjusted 14 per cent over the past ten years, and alcohol industry profits are up even higher -- 21 per cent in the past four years alone. Most of the profits growth has come in high-priced hard liquors that sell for $25 per bottle or more. Details in this New York Times story.


2 comments:

tina said...

Why is alcohol legal?

hannah said...

It makes people feel better. I'm not saying that people should drink - definitely not! The current climate is making drinking habits worse, but people will pay whatever they can to buy something. I thought the government were trying to help us during the recession, not make us spend more money on alcohol?