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By the Numbers: Tightening the Belt

12/1/2011

It''s often said that entertainment spending is counter-economic, but figures recently released by the US Bureau of Labor Statistics suggest otherwise. According to recently published data, household income dropped 0.6 percent in 2010, overall spending decreased by 2.8 percent, and entertainment spending fell 7 percent—the biggest decline in any expenditure segment. Total average annual entertainment spending per household was $2,504, or 5.2 percent of total household spending. Consumers spent more on entertainment than “apparel and services” (3.5 percent) but less than they did on healthcare (6.6 percent).

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