Wednesday, February 15, 2006

Cool Research Link: Spending Anthology

Want to know how the 9/11 terrorist attacks affected household spending on airline fares? You can find out in the 2005 Consumer Expenditure Survey anthology. Household spending on air travel was at a peak of $8.9 billion in the third quarter of 2001 and fell by an eye-popping 31 percent to $6.1 billion in the fourth quarter. The oldest householders (aged 65 or older) cut their spending on airline fares more than any other age group.

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