We spend way less of our income on food than we used to. Why doesn't it feel that way?

By historic standards, Americans are spending way less on food than they used to. These days, we spend just 10% of our income to feed ourselves. In the early 1900s, that figure was closer to 50%.

This is in part due to higher productivity, which has raised incomes. There have also been technological advances in farming that have reduced the costs of producing food.

But despite the story the data tells, food still feels expensive. “Marketplace” host Kristin Schwab spoke with Bryan Walsh, senior editorial director at Vox, about this contradiction between facts and feelings.

To hear their conversation, click the audio player above.