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Consumer Entertainment Spending Down 7% in 2010
Sources: U.S. Bureau of Labor Statistics, 2011, and The New York Times, 06/14/11.
According to the U.S. Bureau of Labor Statistics, consumer spending decreased another 7% in 2010 after decreasing 5% in 2009. The average consumer spent $2,504 on entertainment or $303.25 billion in 2010 the Bureau says. This compares to $2,693 per consumer in 2009.
According to the 12th Annual Edition of the PricewaterhouseCoopers Global Entertainment and Media Outlook, however, American consumers spent $443 billion on entertainment in 2010. That’s about $1,429 per capita, or $5,716 for each household of four people.
The statistic includes spending on TV, Internet, movies, music, computer and video equipment, sports, amusement parks, and concerts.
By the way, the world spent $1.4 trillion on entertainment in 2010, according to the 12th Annual Edition of the PricewaterhouseCoopers Global Entertainment and Media Outlook.