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Mark Cuban says he has the solution to growing income inequality, and it's to reward every employee—from CEO to janitor—with company stock

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‘I want to die broke’: Billionaire philanthropist Denny Sanford dies after giving away $4 billion

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'Dr. Doom' Nouriel Roubini says we're headed for universal basic income or 'some form of socialism' as AI revolutionizes work—He calls that optimistic
Retailmilk

Why Americans Have Stopped Drinking Skim Milk

By
Alicia Adamczyk
Alicia Adamczyk
and
Money
Money
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By
Alicia Adamczyk
Alicia Adamczyk
and
Money
Money
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August 9, 2016, 7:00 PM ET
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This piece originally appeared on Money.com.

Got milk? For many Americans, the answer has gradually become negative.

Milk sales have been on the decline since the 1970s, according to the USDA. Over the past five years, according to Nielsen “the total milk market shrunk by more than $1 billion.”

But it hasn’t all been bad news. According to that April report from Nielsen, sales of almond milk have grown over 250% over the past five years. Whole milk sales, too, are on the rise, as customers rethink saturated fats in their diets.

Still, not all higher quality dairy products billed as “healthier,” with less saturated fat, are taking off. While Dean Foods’ sales of whole milk were up 5% in the second quarter and skim milk sales were down 11%, the company reported Monday that it had to cut prices on its private label milk and ice cream products because no one was buying them.

According to Dean Foods and Nielsen (NLSN), consumers are becoming more and more interested in buying plant-based foods and beverages. Sales of almond, soy, coconut, and other dairy-alternative beverages are expected to keep rising.

About the Authors
Alicia Adamczyk
By Alicia AdamczykSenior Writer
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Alicia Adamczyk is a former New York City-based senior writer at Fortune, covering personal finance, investing, and retirement.

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