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.


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?