Thursday, May 08, 2008

If the economy is in recession, why are we spending so much on video games?

Game Over for GameStop's Stock? - Barron's Online The news is full of the release of Grand Theft Auto IV, and how it broke all kinds of sales records. Unfortunately I can only find global figures for GTA IV, not US figures.

Still it is clear we are spending a lot of money on games.
Demand for these machines and new games fueled U.S. retail sales of almost $18 billion in 2007, a 44% leap since 2006, according to NPD Group, a New York-based market research firm.
The referenced article is about 1 game seller - Game Stop - but the message is clear, games are big business and getting bigger.

But if the economy is in recession, where is all this disposable income coming from?

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