Sunday, August 19, 2007

Where does the money go?


Interesting data from the US Bureau of Labor statistics shows that $2194, or 5% of the average households' annual budget, was allocated to tech spending in 2005. Interestingly, this is more than household outlays for health insurance and apparel. Also interestingly, this represents a 25% decrease in spending from 1999. Talk about bang for the buck! We all benefit from more services and more powerful devices, but for less money... You gotta love tech.

Not surprisingly, the vast majority of tech spending — more than 75% — is for subscription services. Telephone, Internet, Cell Phone, and Cable / Sattelite TV.

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