As you probably know, Matt Taibbi has a new book out, Griftopia: Bubble Machines, Vampire Squids, and the Long Con That Is Breaking America. Within it, Taibbi moves from his established gig reporting on the weirdness that is modern American poltical campaigning…
... Being in the building with Palin that night [of her acceptance speech for the VP nomination] is a transformative and oddly unsettling experience. It’s a little like having live cave-level access for the ripping-the-heart-out-with-the-bare-hands scene in Indiana Jones and the Temple of Doom. A scary-as-hell situation: thousands of pudgy Midwestern conservatives worshipping at the Altar of the Economic Producer, led by a charismatic arch-priestess letting loose a grade-A war cry. The clear subtext of Palin’s speechi is this: other politicians only talk about fighting these assholes. I actually will.
Palin is talking to voters whose country is despised internationally, no longer an industrial manufacturing power, fast becoming an economic vassal to the Chinese and the Saudis, and just a week away from an almost-total financial collapes. Nobody here is likely to genuinely believe a speech that promises better things.
But cultural civil war, you have that no matter how broke you are. And if you want that I, Sarah Palin, can give it to you. It’s a powerful, galvanizing speech, but the strange thing about it is its seeming lack of electoral calculation. It’s a transparent attempt to massmarket militancy and frustration, consolidate the group identity of an aggrieved demographic, and work that crowd up into a lather. This represents a further degrading of the already degraded electoral process. Now, not only are the long-term results of elections irrelevant, but for a new set of players like Palin, the outcome of the election itself is irrelevant. This speech wasn’t designed to win a general election, it was designed to introduce a new celebrity, a make-believe servant of the people so phony that later in her new career she will not even bother to hold an elective office.
The speech was a tremendous success.
... to a thorough, even obsessive, discussion of the new finance-based reality:
Our world isn’t about ideology anymore. It’s about complexity. We live in a complex bureaucratic state with complex laws and complex business practices, and the few organizations with the corporate willpower to master these complexities will inevitably own the political power.
Amazon’s currently advertising Griftopia for half off the cover price, and if you order through the link in the right-hand column, I understand you’ll be adding a couple pennies to Tunch’s personal catfood commission. If the Amazon teaser isn’t enough for you, Rolling Stone has an excerpt on “how our cash-strapped country is auctioning off its highways, ports and even parking meters at fire sale prices.”
The witty and foul-mouthed TBogg will be leading an online discussion of Griftopia at the FDL Book Salon on Saturday afternoon, November 27. If you are a faster typist than I, there should be some excellent back-and-forth shared there.
Austin is home to the biggest spenders in the country—the average resident of Texas' liberal enclave blows over $67,000 per year, and that doesn't include mortgage or rent. Austin is followed by Scottsdale, Arizona and San Jose, California, according to rankings compiled by Bundle.com based on household expenditures for shopping, eating, drinking, transportation, healthcare, and entertainment. Detroiters spend the least, around $16,400 per year, with New Yorkers and Angelenos right in the middle.
The 2010 Bundle Report: The 25 top-spending cities in the U.S.
3. Conservatives donate 30.4 percent more money to charity than liberals do.
According to Syracuse University business professor Arthur C. Brooks, whose book cites this figure, conservative American households give $1,600 a year on average, compared with the $1,227 given by liberal households. Brooks adds that Americans who believe the U.S. government spends "too little money on welfare" (e.g., liberals) are less likely than those who believe the government spends "too much money on welfare" (e.g., conservatives) to return extra change to cashiers or give money to homeless panhandlers.
Arthur C. Brooks. Who Really Cares? The Surprising Truth About Compassionate Conservatism. New York: Basic Books, 2006, page 36 and page 57.
4. People who consistently shop online spend 24.6 percent more than people who shop in stores.
According to a National Retail Federation survey, online shoppers also start their holiday shopping earlier than brick-and-mortar shoppers and are 4 percent more likely to buy things for themselves while holiday shopping on the Net. Among those who own smart phones, 27 percent will use them to make holiday purchases. "Online shopping is a magnet for compulsive buyers," warns psychologist April Benson, author of To Buy or Not to Buy: Why We Overshop and How to Stop. "Anonymity is a big factor, because when you shop online, no one has to see how much you're spending or what you're spending it on."
National Retail Federation 2010 Holiday Survey (link is to full study)
5. People from Connecticut are the nation's biggest spenders, outspending Montanans by 112 percent.
Residents of the District of Columbia, Hawaii, and California are the USA's second, third, and fourth biggest spenders—all states known for encouraging a pricey lifestyle. Not so Montana, where the average resident spends only $27,000 per year. West Virginians spend the very least, according to this study, a mere $24,500.
The 2010 Bundle Report: Annual household spending by state
6. Lesbian, gay, bisexual, and transgender adults spend 26 percent more on holiday gifts than heterosexuals.
In a Harris Interactive survey that was conducted last year and whose contrasts are so steep as to reflect consistent patterns, 31 percent of LGBT adults surveyed said they planned to spend more that year than the previous year on holiday gifts for relatives, compared to only 5 percent of heterosexual adults surveyed.
LGBT Households Remain More Optimistic about Finances (2009), compiled by Harris Interactive and Witeck-Combs Communications (full study not available online)
Shoppers wait in line while shopping at Toys"R"Us during the Black Friday sales event on November 27, 2009 in Fort Worth, Texas. (Tom Pennington / Getty Images)
7. Americans aged 50 to 65 spend 74 percent more money per year than Americans aged 18 to 25.
• 15 Best Stores for Black FridayThe average 50 to 65 year old spends over twice what the average 18 to 25 year old spends on healthcare, and nearly three times as much on housing. Each age group divvies up its expenditures differently, with the younger set allocating 21 percent of their everyday spending to food and drink, more than any other age group. While all other groups allocate about 24 percent of their everyday spending to shopping (a category that includes clothes, shoes, electronics, hobbies, and other merchandise), seniors allocate the least: 16 percent. The 50-to-65 crowd also spends a startling 78 percent more than the 18-to-25 group on shopping, and over twice as much on travel. No big surprises here, Benson says. After 50, "people have accumulated money for travel, and their health is starting to decline. And how many seniors are going out drinking?"
The 2010 Bundle Report: Annual spending by age
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Good <b>News</b>, for a Change (SWJ Blog)
Ann Marlowe, not known for optimistic reporting and commentary on our efforts in Afghanistan, takes a different tone in her Weekly Standard piece entitled Good News, for a Change. BLUF: "… Zabul seems to be on an upward path. ...
Senior White House Official: 'We Wanted a Fight,' too <b>...</b>
Vice President Biden heads to Capitol Hill today to lobby Senate Democrats to support the tax cut compromise, as President Obama faces criticism from congressional Democrats that he should have fought more for the Bush tax cuts on the ...
This Week in Credit Card <b>News</b> - MoneyBuilder - making sense of <b>...</b>
Provided by LowCards.com More Than Eight Million People Drop Out of Credit Card Use More than eight million consumers stopped using credit cards over the past year, according to a new study by TransUnion. The use of general purpose ...
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Good <b>News</b>, for a Change (SWJ Blog)
Ann Marlowe, not known for optimistic reporting and commentary on our efforts in Afghanistan, takes a different tone in her Weekly Standard piece entitled Good News, for a Change. BLUF: "… Zabul seems to be on an upward path. ...
Senior White House Official: 'We Wanted a Fight,' too <b>...</b>
Vice President Biden heads to Capitol Hill today to lobby Senate Democrats to support the tax cut compromise, as President Obama faces criticism from congressional Democrats that he should have fought more for the Bush tax cuts on the ...
This Week in Credit Card <b>News</b> - MoneyBuilder - making sense of <b>...</b>
Provided by LowCards.com More Than Eight Million People Drop Out of Credit Card Use More than eight million consumers stopped using credit cards over the past year, according to a new study by TransUnion. The use of general purpose ...
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Good <b>News</b>, for a Change (SWJ Blog)
Ann Marlowe, not known for optimistic reporting and commentary on our efforts in Afghanistan, takes a different tone in her Weekly Standard piece entitled Good News, for a Change. BLUF: "… Zabul seems to be on an upward path. ...
Senior White House Official: 'We Wanted a Fight,' too <b>...</b>
Vice President Biden heads to Capitol Hill today to lobby Senate Democrats to support the tax cut compromise, as President Obama faces criticism from congressional Democrats that he should have fought more for the Bush tax cuts on the ...
This Week in Credit Card <b>News</b> - MoneyBuilder - making sense of <b>...</b>
Provided by LowCards.com More Than Eight Million People Drop Out of Credit Card Use More than eight million consumers stopped using credit cards over the past year, according to a new study by TransUnion. The use of general purpose ...
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Good <b>News</b>, for a Change (SWJ Blog)
Ann Marlowe, not known for optimistic reporting and commentary on our efforts in Afghanistan, takes a different tone in her Weekly Standard piece entitled Good News, for a Change. BLUF: "… Zabul seems to be on an upward path. ...
Senior White House Official: 'We Wanted a Fight,' too <b>...</b>
Vice President Biden heads to Capitol Hill today to lobby Senate Democrats to support the tax cut compromise, as President Obama faces criticism from congressional Democrats that he should have fought more for the Bush tax cuts on the ...
This Week in Credit Card <b>News</b> - MoneyBuilder - making sense of <b>...</b>
Provided by LowCards.com More Than Eight Million People Drop Out of Credit Card Use More than eight million consumers stopped using credit cards over the past year, according to a new study by TransUnion. The use of general purpose ...
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Good <b>News</b>, for a Change (SWJ Blog)
Ann Marlowe, not known for optimistic reporting and commentary on our efforts in Afghanistan, takes a different tone in her Weekly Standard piece entitled Good News, for a Change. BLUF: "… Zabul seems to be on an upward path. ...
Senior White House Official: 'We Wanted a Fight,' too <b>...</b>
Vice President Biden heads to Capitol Hill today to lobby Senate Democrats to support the tax cut compromise, as President Obama faces criticism from congressional Democrats that he should have fought more for the Bush tax cuts on the ...
This Week in Credit Card <b>News</b> - MoneyBuilder - making sense of <b>...</b>
Provided by LowCards.com More Than Eight Million People Drop Out of Credit Card Use More than eight million consumers stopped using credit cards over the past year, according to a new study by TransUnion. The use of general purpose ...
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As you probably know, Matt Taibbi has a new book out, Griftopia: Bubble Machines, Vampire Squids, and the Long Con That Is Breaking America. Within it, Taibbi moves from his established gig reporting on the weirdness that is modern American poltical campaigning…
... Being in the building with Palin that night [of her acceptance speech for the VP nomination] is a transformative and oddly unsettling experience. It’s a little like having live cave-level access for the ripping-the-heart-out-with-the-bare-hands scene in Indiana Jones and the Temple of Doom. A scary-as-hell situation: thousands of pudgy Midwestern conservatives worshipping at the Altar of the Economic Producer, led by a charismatic arch-priestess letting loose a grade-A war cry. The clear subtext of Palin’s speechi is this: other politicians only talk about fighting these assholes. I actually will.
Palin is talking to voters whose country is despised internationally, no longer an industrial manufacturing power, fast becoming an economic vassal to the Chinese and the Saudis, and just a week away from an almost-total financial collapes. Nobody here is likely to genuinely believe a speech that promises better things.
But cultural civil war, you have that no matter how broke you are. And if you want that I, Sarah Palin, can give it to you. It’s a powerful, galvanizing speech, but the strange thing about it is its seeming lack of electoral calculation. It’s a transparent attempt to massmarket militancy and frustration, consolidate the group identity of an aggrieved demographic, and work that crowd up into a lather. This represents a further degrading of the already degraded electoral process. Now, not only are the long-term results of elections irrelevant, but for a new set of players like Palin, the outcome of the election itself is irrelevant. This speech wasn’t designed to win a general election, it was designed to introduce a new celebrity, a make-believe servant of the people so phony that later in her new career she will not even bother to hold an elective office.
The speech was a tremendous success.
... to a thorough, even obsessive, discussion of the new finance-based reality:
Our world isn’t about ideology anymore. It’s about complexity. We live in a complex bureaucratic state with complex laws and complex business practices, and the few organizations with the corporate willpower to master these complexities will inevitably own the political power.
Amazon’s currently advertising Griftopia for half off the cover price, and if you order through the link in the right-hand column, I understand you’ll be adding a couple pennies to Tunch’s personal catfood commission. If the Amazon teaser isn’t enough for you, Rolling Stone has an excerpt on “how our cash-strapped country is auctioning off its highways, ports and even parking meters at fire sale prices.”
The witty and foul-mouthed TBogg will be leading an online discussion of Griftopia at the FDL Book Salon on Saturday afternoon, November 27. If you are a faster typist than I, there should be some excellent back-and-forth shared there.
Austin is home to the biggest spenders in the country—the average resident of Texas' liberal enclave blows over $67,000 per year, and that doesn't include mortgage or rent. Austin is followed by Scottsdale, Arizona and San Jose, California, according to rankings compiled by Bundle.com based on household expenditures for shopping, eating, drinking, transportation, healthcare, and entertainment. Detroiters spend the least, around $16,400 per year, with New Yorkers and Angelenos right in the middle.
The 2010 Bundle Report: The 25 top-spending cities in the U.S.
3. Conservatives donate 30.4 percent more money to charity than liberals do.
According to Syracuse University business professor Arthur C. Brooks, whose book cites this figure, conservative American households give $1,600 a year on average, compared with the $1,227 given by liberal households. Brooks adds that Americans who believe the U.S. government spends "too little money on welfare" (e.g., liberals) are less likely than those who believe the government spends "too much money on welfare" (e.g., conservatives) to return extra change to cashiers or give money to homeless panhandlers.
Arthur C. Brooks. Who Really Cares? The Surprising Truth About Compassionate Conservatism. New York: Basic Books, 2006, page 36 and page 57.
4. People who consistently shop online spend 24.6 percent more than people who shop in stores.
According to a National Retail Federation survey, online shoppers also start their holiday shopping earlier than brick-and-mortar shoppers and are 4 percent more likely to buy things for themselves while holiday shopping on the Net. Among those who own smart phones, 27 percent will use them to make holiday purchases. "Online shopping is a magnet for compulsive buyers," warns psychologist April Benson, author of To Buy or Not to Buy: Why We Overshop and How to Stop. "Anonymity is a big factor, because when you shop online, no one has to see how much you're spending or what you're spending it on."
National Retail Federation 2010 Holiday Survey (link is to full study)
5. People from Connecticut are the nation's biggest spenders, outspending Montanans by 112 percent.
Residents of the District of Columbia, Hawaii, and California are the USA's second, third, and fourth biggest spenders—all states known for encouraging a pricey lifestyle. Not so Montana, where the average resident spends only $27,000 per year. West Virginians spend the very least, according to this study, a mere $24,500.
The 2010 Bundle Report: Annual household spending by state
6. Lesbian, gay, bisexual, and transgender adults spend 26 percent more on holiday gifts than heterosexuals.
In a Harris Interactive survey that was conducted last year and whose contrasts are so steep as to reflect consistent patterns, 31 percent of LGBT adults surveyed said they planned to spend more that year than the previous year on holiday gifts for relatives, compared to only 5 percent of heterosexual adults surveyed.
LGBT Households Remain More Optimistic about Finances (2009), compiled by Harris Interactive and Witeck-Combs Communications (full study not available online)
Shoppers wait in line while shopping at Toys"R"Us during the Black Friday sales event on November 27, 2009 in Fort Worth, Texas. (Tom Pennington / Getty Images)
7. Americans aged 50 to 65 spend 74 percent more money per year than Americans aged 18 to 25.
• 15 Best Stores for Black FridayThe average 50 to 65 year old spends over twice what the average 18 to 25 year old spends on healthcare, and nearly three times as much on housing. Each age group divvies up its expenditures differently, with the younger set allocating 21 percent of their everyday spending to food and drink, more than any other age group. While all other groups allocate about 24 percent of their everyday spending to shopping (a category that includes clothes, shoes, electronics, hobbies, and other merchandise), seniors allocate the least: 16 percent. The 50-to-65 crowd also spends a startling 78 percent more than the 18-to-25 group on shopping, and over twice as much on travel. No big surprises here, Benson says. After 50, "people have accumulated money for travel, and their health is starting to decline. And how many seniors are going out drinking?"
The 2010 Bundle Report: Annual spending by age
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Good <b>News</b>, for a Change (SWJ Blog)
Ann Marlowe, not known for optimistic reporting and commentary on our efforts in Afghanistan, takes a different tone in her Weekly Standard piece entitled Good News, for a Change. BLUF: "… Zabul seems to be on an upward path. ...
Senior White House Official: 'We Wanted a Fight,' too <b>...</b>
Vice President Biden heads to Capitol Hill today to lobby Senate Democrats to support the tax cut compromise, as President Obama faces criticism from congressional Democrats that he should have fought more for the Bush tax cuts on the ...
This Week in Credit Card <b>News</b> - MoneyBuilder - making sense of <b>...</b>
Provided by LowCards.com More Than Eight Million People Drop Out of Credit Card Use More than eight million consumers stopped using credit cards over the past year, according to a new study by TransUnion. The use of general purpose ...
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Good <b>News</b>, for a Change (SWJ Blog)
Ann Marlowe, not known for optimistic reporting and commentary on our efforts in Afghanistan, takes a different tone in her Weekly Standard piece entitled Good News, for a Change. BLUF: "… Zabul seems to be on an upward path. ...
Senior White House Official: 'We Wanted a Fight,' too <b>...</b>
Vice President Biden heads to Capitol Hill today to lobby Senate Democrats to support the tax cut compromise, as President Obama faces criticism from congressional Democrats that he should have fought more for the Bush tax cuts on the ...
This Week in Credit Card <b>News</b> - MoneyBuilder - making sense of <b>...</b>
Provided by LowCards.com More Than Eight Million People Drop Out of Credit Card Use More than eight million consumers stopped using credit cards over the past year, according to a new study by TransUnion. The use of general purpose ...
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Good <b>News</b>, for a Change (SWJ Blog)
Ann Marlowe, not known for optimistic reporting and commentary on our efforts in Afghanistan, takes a different tone in her Weekly Standard piece entitled Good News, for a Change. BLUF: "… Zabul seems to be on an upward path. ...
Senior White House Official: 'We Wanted a Fight,' too <b>...</b>
Vice President Biden heads to Capitol Hill today to lobby Senate Democrats to support the tax cut compromise, as President Obama faces criticism from congressional Democrats that he should have fought more for the Bush tax cuts on the ...
This Week in Credit Card <b>News</b> - MoneyBuilder - making sense of <b>...</b>
Provided by LowCards.com More Than Eight Million People Drop Out of Credit Card Use More than eight million consumers stopped using credit cards over the past year, according to a new study by TransUnion. The use of general purpose ...
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Good <b>News</b>, for a Change (SWJ Blog)
Ann Marlowe, not known for optimistic reporting and commentary on our efforts in Afghanistan, takes a different tone in her Weekly Standard piece entitled Good News, for a Change. BLUF: "… Zabul seems to be on an upward path. ...
Senior White House Official: 'We Wanted a Fight,' too <b>...</b>
Vice President Biden heads to Capitol Hill today to lobby Senate Democrats to support the tax cut compromise, as President Obama faces criticism from congressional Democrats that he should have fought more for the Bush tax cuts on the ...
This Week in Credit Card <b>News</b> - MoneyBuilder - making sense of <b>...</b>
Provided by LowCards.com More Than Eight Million People Drop Out of Credit Card Use More than eight million consumers stopped using credit cards over the past year, according to a new study by TransUnion. The use of general purpose ...
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Good <b>News</b>, for a Change (SWJ Blog)
Ann Marlowe, not known for optimistic reporting and commentary on our efforts in Afghanistan, takes a different tone in her Weekly Standard piece entitled Good News, for a Change. BLUF: "… Zabul seems to be on an upward path. ...
Senior White House Official: 'We Wanted a Fight,' too <b>...</b>
Vice President Biden heads to Capitol Hill today to lobby Senate Democrats to support the tax cut compromise, as President Obama faces criticism from congressional Democrats that he should have fought more for the Bush tax cuts on the ...
This Week in Credit Card <b>News</b> - MoneyBuilder - making sense of <b>...</b>
Provided by LowCards.com More Than Eight Million People Drop Out of Credit Card Use More than eight million consumers stopped using credit cards over the past year, according to a new study by TransUnion. The use of general purpose ...
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Good <b>News</b>, for a Change (SWJ Blog)
Ann Marlowe, not known for optimistic reporting and commentary on our efforts in Afghanistan, takes a different tone in her Weekly Standard piece entitled Good News, for a Change. BLUF: "… Zabul seems to be on an upward path. ...
Senior White House Official: 'We Wanted a Fight,' too <b>...</b>
Vice President Biden heads to Capitol Hill today to lobby Senate Democrats to support the tax cut compromise, as President Obama faces criticism from congressional Democrats that he should have fought more for the Bush tax cuts on the ...
This Week in Credit Card <b>News</b> - MoneyBuilder - making sense of <b>...</b>
Provided by LowCards.com More Than Eight Million People Drop Out of Credit Card Use More than eight million consumers stopped using credit cards over the past year, according to a new study by TransUnion. The use of general purpose ...
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As you probably know, Matt Taibbi has a new book out, Griftopia: Bubble Machines, Vampire Squids, and the Long Con That Is Breaking America. Within it, Taibbi moves from his established gig reporting on the weirdness that is modern American poltical campaigning…
... Being in the building with Palin that night [of her acceptance speech for the VP nomination] is a transformative and oddly unsettling experience. It’s a little like having live cave-level access for the ripping-the-heart-out-with-the-bare-hands scene in Indiana Jones and the Temple of Doom. A scary-as-hell situation: thousands of pudgy Midwestern conservatives worshipping at the Altar of the Economic Producer, led by a charismatic arch-priestess letting loose a grade-A war cry. The clear subtext of Palin’s speechi is this: other politicians only talk about fighting these assholes. I actually will.
Palin is talking to voters whose country is despised internationally, no longer an industrial manufacturing power, fast becoming an economic vassal to the Chinese and the Saudis, and just a week away from an almost-total financial collapes. Nobody here is likely to genuinely believe a speech that promises better things.
But cultural civil war, you have that no matter how broke you are. And if you want that I, Sarah Palin, can give it to you. It’s a powerful, galvanizing speech, but the strange thing about it is its seeming lack of electoral calculation. It’s a transparent attempt to massmarket militancy and frustration, consolidate the group identity of an aggrieved demographic, and work that crowd up into a lather. This represents a further degrading of the already degraded electoral process. Now, not only are the long-term results of elections irrelevant, but for a new set of players like Palin, the outcome of the election itself is irrelevant. This speech wasn’t designed to win a general election, it was designed to introduce a new celebrity, a make-believe servant of the people so phony that later in her new career she will not even bother to hold an elective office.
The speech was a tremendous success.
... to a thorough, even obsessive, discussion of the new finance-based reality:
Our world isn’t about ideology anymore. It’s about complexity. We live in a complex bureaucratic state with complex laws and complex business practices, and the few organizations with the corporate willpower to master these complexities will inevitably own the political power.
Amazon’s currently advertising Griftopia for half off the cover price, and if you order through the link in the right-hand column, I understand you’ll be adding a couple pennies to Tunch’s personal catfood commission. If the Amazon teaser isn’t enough for you, Rolling Stone has an excerpt on “how our cash-strapped country is auctioning off its highways, ports and even parking meters at fire sale prices.”
The witty and foul-mouthed TBogg will be leading an online discussion of Griftopia at the FDL Book Salon on Saturday afternoon, November 27. If you are a faster typist than I, there should be some excellent back-and-forth shared there.
Austin is home to the biggest spenders in the country—the average resident of Texas' liberal enclave blows over $67,000 per year, and that doesn't include mortgage or rent. Austin is followed by Scottsdale, Arizona and San Jose, California, according to rankings compiled by Bundle.com based on household expenditures for shopping, eating, drinking, transportation, healthcare, and entertainment. Detroiters spend the least, around $16,400 per year, with New Yorkers and Angelenos right in the middle.
The 2010 Bundle Report: The 25 top-spending cities in the U.S.
3. Conservatives donate 30.4 percent more money to charity than liberals do.
According to Syracuse University business professor Arthur C. Brooks, whose book cites this figure, conservative American households give $1,600 a year on average, compared with the $1,227 given by liberal households. Brooks adds that Americans who believe the U.S. government spends "too little money on welfare" (e.g., liberals) are less likely than those who believe the government spends "too much money on welfare" (e.g., conservatives) to return extra change to cashiers or give money to homeless panhandlers.
Arthur C. Brooks. Who Really Cares? The Surprising Truth About Compassionate Conservatism. New York: Basic Books, 2006, page 36 and page 57.
4. People who consistently shop online spend 24.6 percent more than people who shop in stores.
According to a National Retail Federation survey, online shoppers also start their holiday shopping earlier than brick-and-mortar shoppers and are 4 percent more likely to buy things for themselves while holiday shopping on the Net. Among those who own smart phones, 27 percent will use them to make holiday purchases. "Online shopping is a magnet for compulsive buyers," warns psychologist April Benson, author of To Buy or Not to Buy: Why We Overshop and How to Stop. "Anonymity is a big factor, because when you shop online, no one has to see how much you're spending or what you're spending it on."
National Retail Federation 2010 Holiday Survey (link is to full study)
5. People from Connecticut are the nation's biggest spenders, outspending Montanans by 112 percent.
Residents of the District of Columbia, Hawaii, and California are the USA's second, third, and fourth biggest spenders—all states known for encouraging a pricey lifestyle. Not so Montana, where the average resident spends only $27,000 per year. West Virginians spend the very least, according to this study, a mere $24,500.
The 2010 Bundle Report: Annual household spending by state
6. Lesbian, gay, bisexual, and transgender adults spend 26 percent more on holiday gifts than heterosexuals.
In a Harris Interactive survey that was conducted last year and whose contrasts are so steep as to reflect consistent patterns, 31 percent of LGBT adults surveyed said they planned to spend more that year than the previous year on holiday gifts for relatives, compared to only 5 percent of heterosexual adults surveyed.
LGBT Households Remain More Optimistic about Finances (2009), compiled by Harris Interactive and Witeck-Combs Communications (full study not available online)
Shoppers wait in line while shopping at Toys"R"Us during the Black Friday sales event on November 27, 2009 in Fort Worth, Texas. (Tom Pennington / Getty Images)
7. Americans aged 50 to 65 spend 74 percent more money per year than Americans aged 18 to 25.
• 15 Best Stores for Black FridayThe average 50 to 65 year old spends over twice what the average 18 to 25 year old spends on healthcare, and nearly three times as much on housing. Each age group divvies up its expenditures differently, with the younger set allocating 21 percent of their everyday spending to food and drink, more than any other age group. While all other groups allocate about 24 percent of their everyday spending to shopping (a category that includes clothes, shoes, electronics, hobbies, and other merchandise), seniors allocate the least: 16 percent. The 50-to-65 crowd also spends a startling 78 percent more than the 18-to-25 group on shopping, and over twice as much on travel. No big surprises here, Benson says. After 50, "people have accumulated money for travel, and their health is starting to decline. And how many seniors are going out drinking?"
The 2010 Bundle Report: Annual spending by age
Good <b>News</b>, for a Change (SWJ Blog)
Ann Marlowe, not known for optimistic reporting and commentary on our efforts in Afghanistan, takes a different tone in her Weekly Standard piece entitled Good News, for a Change. BLUF: "… Zabul seems to be on an upward path. ...
Senior White House Official: 'We Wanted a Fight,' too <b>...</b>
Vice President Biden heads to Capitol Hill today to lobby Senate Democrats to support the tax cut compromise, as President Obama faces criticism from congressional Democrats that he should have fought more for the Bush tax cuts on the ...
This Week in Credit Card <b>News</b> - MoneyBuilder - making sense of <b>...</b>
Provided by LowCards.com More Than Eight Million People Drop Out of Credit Card Use More than eight million consumers stopped using credit cards over the past year, according to a new study by TransUnion. The use of general purpose ...
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Good <b>News</b>, for a Change (SWJ Blog)
Ann Marlowe, not known for optimistic reporting and commentary on our efforts in Afghanistan, takes a different tone in her Weekly Standard piece entitled Good News, for a Change. BLUF: "… Zabul seems to be on an upward path. ...
Senior White House Official: 'We Wanted a Fight,' too <b>...</b>
Vice President Biden heads to Capitol Hill today to lobby Senate Democrats to support the tax cut compromise, as President Obama faces criticism from congressional Democrats that he should have fought more for the Bush tax cuts on the ...
This Week in Credit Card <b>News</b> - MoneyBuilder - making sense of <b>...</b>
Provided by LowCards.com More Than Eight Million People Drop Out of Credit Card Use More than eight million consumers stopped using credit cards over the past year, according to a new study by TransUnion. The use of general purpose ...
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Good <b>News</b>, for a Change (SWJ Blog)
Ann Marlowe, not known for optimistic reporting and commentary on our efforts in Afghanistan, takes a different tone in her Weekly Standard piece entitled Good News, for a Change. BLUF: "… Zabul seems to be on an upward path. ...
Senior White House Official: 'We Wanted a Fight,' too <b>...</b>
Vice President Biden heads to Capitol Hill today to lobby Senate Democrats to support the tax cut compromise, as President Obama faces criticism from congressional Democrats that he should have fought more for the Bush tax cuts on the ...
This Week in Credit Card <b>News</b> - MoneyBuilder - making sense of <b>...</b>
Provided by LowCards.com More Than Eight Million People Drop Out of Credit Card Use More than eight million consumers stopped using credit cards over the past year, according to a new study by TransUnion. The use of general purpose ...
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