The New Economy
The Monitor's Money editor, Laurent Belsie, blogs about the economic changes now under way in the U.S. and around the globe.
Democrats adopt technology sooner, study finds
Republicans and Democrats may have political differences, but they do agree on one thing: they love technology. A new survey conducted by the Consumer Electronics Association (CEA) found that Democrats are slightly more inclined to consider themselves early adopters oftechnology than Republicans (25 percent vs. 17 percent), but ownership rates of consumer electronics are equal across party affiliations.
Despite our political differences, highlighted by the passion in the 2010 midterm elections, we all understand the important role technology plays in making our lives better,” said Gary Shapiro, president and CEO, CEA. “Regardless of politics, Americans agree that technology makes us astronger nation and helps advance our economy.”
Total factory sales of consumer electronis products are expected to reach $175 billion in 2010, an increase of three percent from 2009. The average U.S. household spent $1,380 on consumer electronics in the past 12 months, up $151 from last year. On average, individual adults report personally spending $794 on CE products in the past year.
Electronics are also leading holiday wish lists. The average American will spend $232 on electronics gifts this year, according to CEA’s 17th Annual CE Holiday Purchase Patterns Study. This is the highest dollar amount in the history of the study, an increase of five percent over last year. Democrats, Republicans and Independents will be purchasing laptop computers, iPads andeReaders for their loved ones this year.
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