The Consumer Electronics Association has released a study showing that American households spent $176 less this year than other years on consumer electronics products, spending $1,229 on average for the past twelve months.
Breaking down the numbers, the report shows that men spent $902 on average over the past 12 months, while women spent $558. Those between the age of 18 and 24 spend $100 more this year compared to other years, totaling $1,056 on average. Video product ownership is growing, with 99% of the households in the country reporting owning a TV, and 52% of these households reporting owning at least one high definition TV. Next to TVs, DVD players and cell phones are the second and third most widely owned consumer electronics devices respectively.