Friday, January 23, 2015

Spending on Books Plunges

In 2013, the average household spent almost as much on digital book readers ($30.18) as it did on books ($32.53). Since 2000, average household spending on books has fallen 58 percent, after adjusting for inflation—almost as steep a decline as the 65 percent plunge in spending on newspaper and magazine subscriptions.

Source: Bureau of Labor Statistics, Consumer Expenditure Survey

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