Americans like to eat out. A lot.

In fact, the portion of food spending outside the home is estimated to have eclipsed the portion spent on food at home for the first time around 2014, according to data from the USDA.

The trend can be seen in this chart, which was shared by a Bank of America Merrill Lynch team led by equity strategist Felix Tran.

spending on food

BAML

Spending on food away from home…