Tuesday, May 29, 2012

Trends in Entertainment Spending

Entertainment spending by the average household climbed 6 percent between 2000 and 2010, after adjusting for inflation. Trends in entertainment spending differed greatly by age of householder, with householders under age 45 cutting their spending. Here is the percent change in household spending on entertainment by age of householder, 2000 to 2010 (in 2010 dollars)...

Under age 25: -12%
Aged 25 to 34: -5%
Aged 35 to 44: -2%
Aged 45 to 54: +9%
Aged 55 to 64: +8%
Aged 65-plus: +40%

Source: Bureau of Labor Statistics, 2000 and 2010 Consumer Expenditure Surveys

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