Consumers to cut consumer electronics spending

FROM TWICE: : Forrester says home entertainment will fare best

By Alan Wolf of TWICE -- Video Business, 1/5/2009

JAN. 5 | FROM TWICE: Almost half of consumers will spend less on technology devices this year than last, according to new Forrester Research report on recessionary spending habits.

PCs will fare worst this year while TVs and home entertainment will hold up best, the study showed. What’s more, people who plan to reduce or put off purchases of consumer electronics products spanned all generations, Forrester said, from tech-savvy Gen Y and X consumers to senior citizens.

The report, “Consumer Spending in an Economic Recession,” was based on a survey of over 5,000 consumers conducted at the end of November.

Read the full story on TWICE.com.

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