Americans Buy $1.2T Worth of Stuff They Don’t Need

Ever wonder how much Americans spend on non-essential goodies such as jewelry, yachts, booze, and even candy? A lot, as in $1.2 trillion, or about 11% of total consumer spending, reports the Wall Street Journal . The percentage is up from 9.3% a decade ago and 4% in 1959,…

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Americans Buy $1.2T Worth of Stuff They Don’t Need

Posted by on April 23, 2011. Filed under News, World News. You can follow any responses to this entry through the RSS 2.0. You can skip to the end and leave a response. Pinging is currently not allowed.