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July 18, 2009
Visual Economics
I recenty discovered and subscribed to this blog - Visual Economics.
Check out this great graphic and notice that the average U.S. consumer spends 0.2% of their paycheque on reading.
And that's good news since it actually made the chart! And I'll bet it doesn't include online reading - mostly just traditional print.
Now, how does that paycheque amount turn into time?
Stephen
Posted by stephen at July 18, 2009 7:00 PM
Comments
What seems conspicuously missing is ICT: telecoms and electronics expenditure. It's perhaps not a traditional category. But I think it is time that the old economics studies start studying this figure. I think phone bills + cell phone bills + broadband bills + computer + cell phone purchases are not negligeable. And I don't think reporting them as "entertainment" is correct (I am assuming that is where they are being placed).
Posted by: Jonas at October 2, 2009 9:03 AM