09 Nov '11, 5pm

Electronics To Take Over Holiday Purchases - Sign of Bad Times?

Electronics To Take Over Holiday Purchases - Sign of Bad Times?

The Consumer Electronics Association sent out a report saying that electronics sales would dominate purchases this holiday season, accounting for as much as one-third of all purchases. Specifically, the association states, "Consumer spending on electronics gifts this holiday will reach an all-time high...Consumers plan to spend on average $246 on electronics gifts, an increase of six percent from last year and the highest level since CEA began tracking holiday spending. Overall gift spending will also increase. Consumers plan to spend on average $769 on gifts this year, three percent higher than last year. CEA expects holiday retail sales to increase 2.5 percent this year." First off, that's a whole lot of spending in general. But it is also a whole lot of spending on electronics. It seems to point toward the fact that electronics are a staple of today's society -- e-reade...

Full article: http://www.treehugger.com/gadgets/electronics-take-over-h...

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