CE Spending Seen Declining 17 Percent

U.S. households will spend 17 percent less on consumer electronics this year than in 2009, the largest decline among 20 countries surveyed. That's according to a report released this week by International Data Corp (IDC).

Americans, however, own more major CE devices per household, 15.4, than any other country surveyed, IDC found in its ConsumerScape 360 study.

"The survey found U.S. consumers to be extremely price sensitive, a clear sign that the economic downturn has had an impact not only on spending habits, but also on consumer psychology," Michael DeHart, director of IDC's ConsumerScape 360 and Consumer Primary Research, said as part of the announcement.