All Posts Tagged Tag: ‘Spending’

IT Spending to Reach $3.8 Trillion This Year

As the world has become more connected, the global economy has shifted significantly toward information technology. On the eve of the Consumer Electronics Show in Las Vegas, Market research firm Gartner this week predicted that global IT spending is set to grow 3.1% during 2014. The firm predicts global IT spending to reach $3.8 trillion by the end of this …

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Minimum Wage Hike: Will There Be More Jobs or Less?

According to a recent ABC News/Washington Post poll conducted by Langer Research Associates, two-thirds of the United States populace supports an increase in minimum wage. Many claim that basic livelihood necessities cannot be met with the current payment structure in place. In fact, 48 percent of those polled are “strongly” supportive of an increase while only 20 percent are “strongly” …

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Black Friday Spending Average to Rise 18%

As Americans head into the most intense shopping weekend of the year, many of them are ready to spend even more than they did last year. The Consumer Electronics Association (CEA) this week released its predictions for Black Friday 2013. Among the predictions is that Americans who do shop this weekend are planning to spend an average of $258. This …

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Spending Rose Slightly in October, Shows Survey

As the U.S. economy continues to slowly improve, Americans are starting to become more confident in their spending. According to the Gallup organization, average daily spending by Americans during the back-to-school month of August rose to $95 this year – the highest average its survey has measured in the five years since the recession began in 2008. That splurge was …

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Consumers Ready to Spend Money on Tech This Holiday Season

Though it was one of the few industries to maintain growth during the recession that began five years ago, the tech sector was not immune to the effects of reduced consumer spending. The U.S. economy is now beginning to slowly crawl back, though, and more consumers are now preparing to spend their money – especially on gadgets. The Consumer Electronics …

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Consumer Tech Spending Could Be Slowing

This weekend Apple once again set records, selling over 9 million iPhone 5S and 5C smartphones. With consumers willing to spend money every year on a smartphone upgrade (and mobile providers now encouraging them to do so), it would seem like tech spending will continue to skyrocket in the coming years. However, consumer tech spending could actually slow in the …

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Tech Spending Confidence Rising, Says CEA

The Consumer Electronics Association (CEA) today announced that consumer confidence in technology spending reached its highest level this year in August. The organization’s “Consumer TEchnology Expectations” index improved to 87.2 this month, up one point from the index in July. This increase in tech spending confidence happened while consumer confidence in the overall economy is falling. The CEA’s “Consumer Expectations” …

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