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Posted by Bruce M. Tharp | 17 Dec 2005
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A NYT article about what we spend our money on for the Holidays and how it is not really that different than a generation ago:
The arrival of the personal computer in the 1980's constituted a bona fide revolution. Last year, Americans spent about $51 billion on computers, peripherals and software, an astonishing figure for an item on which they spent nothing in 1977. But to put it in perspective: $51 billion is only 1.5 percent of America's spending on goods. Last year Americans spent $54 billion on shoes.
Click here for the NYT article.
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