Are you an average consumer? If so, you spend $41/year on audio eq.

[Woochifer]

For a work project, I've been working with the Consumer Expenditure Survey data, which is what the feds use to calculate the inflation rate. The detailed data shows some very interesting spending patterns for U.S. households.

On audio equipment, the average U.S. household spends about $41 a year. Yup, that's right! Considering that some people spend more than that on just audio cables, it should tell you something about how unusual it is to be as dedicated to the hobby as a lot of us are. It should also tell you something about how difficult it is to keep a local audio store in business if most households are this tightfisted about investing any money into audio (it would also explain why there are so few audio stores out there in each community, period).

Here are some other bits of spending trivia:

Average spending on CDs, tapes, and records: $45
Average spending on video games: $25
Average spending on video tapes, discs: $36
Average spending on video rentals: $41
Average spending on TVs, video equipment: $67
Average restaurant/take out spending: $1,981
Average grocery spending: $3,217
Average spending on alcoholic beverages (at home): $255

Well, with us Americans spending five times as much on alcohol as we do on audio equipment, at least our priorities are straight!

[92135011]

hmmm...is THAT right...so that means that for every person who spends 10000 bux on audio gear that lasts 10 years...there are an equivalent of 24 people who dont spend a penny in 10 years.

But for practical purposes, this figure isnt very descriptive. If I buy some speakers, lets say, then I probably wont buy new speakers until a while later. With stuff like groceries, we are constantly buying it. However, its still a very interesting statistic.

Hey, you know the average spending for clothes and shoes per year?

[Woochifer]

hmmm...is THAT right...so that means that for every person who spends 10000 bux on audio gear that lasts 10 years...there are an equivalent of 24 people who dont spend a penny in 10 years.

But for practical purposes, this figure isnt very descriptive. If I buy some speakers, lets say, then I probably wont buy new speakers until a while later. With stuff like groceries, we are constantly buying it. However, its still a very interesting statistic.

Well, you figure that with over 100 million households in the U.S., that means that the market for audio equipment is at least $4 billion per year (I read somewhere that the specialty loudspeaker market totals about $500 million per year, so it's not a huge industry that we're talking about), and that's actually in line with other data that I've seen. The way that the market is going, the trend right now is more towards the video end and audio stores going to home installation services to keep afloat.

If you want examples, my parents spent about $900 over a two year period to build their audio system, and in the ensuing 28 years, they have spent NOTHING on audio equipment. Their TV was purchased for $400, and that was 10 years ago. My in-laws spent less than $200 for their mini-system, and that thing's also at least 10 years old. A friend of mine who lives in Manhattan still uses the same $100 mini system that she bought in college, and that was about 15 years ago. One of my best friends from college inherited a 30 year old Sansui receiver and Kenwood amp, and the only things he's bought in the last 15 years was an $80 tape deck, a $100 CD player, and pair of $150 speakers. And I can think of countless others whose only music sources are either mini systems or portable devices. So, it does tend to average out.

Hey, you know the average spending for clothes and shoes per year?

Men's clothing: $436
Women's clothing: $757
Footwear: $338

That's why there are a lot more clothing stores out there than audio stores!

[92135011]

Damn it! I knew it! I knew it!!!
So its not a stereotype! Women like to shop more and spend money on clothes and stuff. Well...guess it balances out...more male audiophiles and autophiles.

[Woochifer]

Damn it! I knew it! I knew it!!!
So its not a stereotype! Women like to shop more and spend money on clothes and stuff. Well...guess it balances out...more male audiophiles and autophiles.

LOL, well here's another oddity for you:

Men's footwear: $103
Women's footwear: $157
Boy's footwear: $41
Girl's footwear: $37

Obviously, something clicks in at puberty!

[Bryan]

Why don't I believe the figures for womens clothing and shoes? Obviously they haven't gone looking into their closets ...

[wasch_24]

LOL, well here's another oddity for you:

Men's footwear: $103
Women's footwear: $157
Boy's footwear: $41
Girl's footwear: $37

Obviously, something clicks in at puberty!

No, it's not puberty. It's all that walking in the mall