CEA: Electronics Spending Jumps 10 Percent
The average household in the U.S. spent $1,380 on consumer electronics in the last year, a jump of $151 and 12 percent from the year before, while individual consumer spending rose 10 percent. That's according to a survey released Thursday by the Consumer Electronics Association.
CEA's 12th Annual Household CE Ownership and Market Potential Study also found that individual consumer spending rose 10 percent in the period in question, with the average household owning 25 CE products.
“Consumer electronics continues to be a bright spot as spending increased despite a tough year for the overall economy,” Brian Markwalter, CEA’s vice president of research and standards, said as part of the announcement. “As consumer confidence climbs, along with the desire to own the latest technologies, consumers will continue to view CE products as necessities in their lives.”