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People Alter Their Budgets to Accommodate Gadget Purchases

Almost 70 percent of you said that you would hold off buying electronics this holiday season because of the economy. Well the Consumer Electronics Association predicts that holiday spending will drop by 14 percent this year, but in terms of gadgets, people are willing to cut other expenses — like going to the movies, or a gym membership — just so they can pick up the latest cell phone or notebook.

"These are no longer just luxury items or products that are fun to own. They really are used in a variety of ways to enhance communications, increase productivity, or for education," said Tim Herbert, the senior director of market research for the CEA. "Also, from a gift-giving standpoint, there is still a tremendous 'wow' factor with electronics."

Ain't that the truth! I mean can you imagine a Christmas without some sort of gadget that requires a user-manual and batteries?


Around The Web
Join The Conversation
gemsera gemsera 7 years
Unfortunately you cant cut something from nothing!
RockAndRepublic RockAndRepublic 7 years
I can barely afford going to the movies these days, i can't cut that for anything.
BabyBearCutie BabyBearCutie 7 years
For xmas I am planning on getting my little sister, mother and my boyfriend all brand new gadget for xmas. While I am planning in Feburary as a late xmas gift to myself to get a new laptop for school.
RoyalBlueMoss RoyalBlueMoss 7 years
I'd never give up a gym membership for a new gadget. I would stop eating for a new gadget instead.
ChicBookFiend ChicBookFiend 7 years
Sure, you need a laptop for work and/or school and probably a smart phone if you're the busy type, but when you get a new MacBook because it "looks pretty," or to be sporting the latest hot item, then that's a luxury, not a necessity.
psychobabble psychobabble 7 years
I'm going to have to get a new computer very soon, which I wasn't planning on... so I'll be tightening up for sure!
sparklestar sparklestar 7 years
Oh for sure! When I bought my MacBook I didn't eat out or anything for a good few months! :)
carpediem825 carpediem825 7 years
getting an itouch this christmas. for sure.... i won't eat for a few weeks.
refinedharmony refinedharmony 7 years
Ok- I agree with this. I'll eat a week (heck, a month!) of Ramen if it means I can get a Wii!
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