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Q: US Consumer Discretionary Spending ( Answered,   0 Comments )
Subject: US Consumer Discretionary Spending
Category: Business and Money > Advertising and Marketing
Asked by: jknock-ga
List Price: $200.00
Posted: 09 Aug 2004 10:38 PDT
Expires: 08 Sep 2004 10:38 PDT
Question ID: 385450
I need a report on total 2003 U.S. consumer discretionary spending. 
Specifically, I want to know how much was spent on high-ticket luxury
items such as expensive cars, boats, RV's, motorcycles, vacation
travel, jewelry, swimming pools, landscaping, personal aircraft, and
anything else that may cost more than $10,000.  Remove from this
report anything that might appear to be "necessary" or everyday
purchases, like cars below $25,000, etc.

Clarification of Question by jknock-ga on 09 Aug 2004 10:41 PDT
I need figures broken out by each category of luxury item, not a single total.
Subject: Re: US Consumer Discretionary Spending
Answered By: adiloren-ga on 11 Aug 2004 20:00 PDT
Hello and thank you for the question. Unfortunately, discretionary and
"luxury" consumer spending is fairly arbitrary and difficult to
determine in hard data. There will be much more available data when
the 2003 Consumer Expenditure Survey is released. As of now, the 2002
survey is the most recent available (there is a link to this survey

However, I have compliled some quality data on product types that are
most often "luxury items" as you have outlined in your question.
Please let me know if you need any clarification of my response. I
will be happy to follow up my answer if more specific information is
requested and available.


2003 Personal Consumption Expenditures by Type of Product in Millions
of U.S. dollars

From- NIPA Data of the Bureau of Economic Analysis


New Automobiles: 97508 

Recreational vehicles: 13444

Motorcycles: 11811

Pleasure boats: 17218

Pleasure aircraft: 1481

Private flying: 570

Sports and photographic equipment, bicycles and motorcycles: 49346

Casino gambling: 60762

Foreign travel by U.S. residents: 79189

Hotels and motels: 41544

Luggage (females): 3316

Luggage (males): 1172

Luxury housing: 2285

Jewelry: 53639

Wine and brandy, at home: 16383

Outdoor eqpt and supplies: 1945

Furniture and household equipment: 328001

Semidurable house furnishings: 37905

Clocks, lamps, and furnishings: 32714

China, glassware, tableware, and utensils: 32194

Video and audio goods, including musical instruments, and computer goods: 121317 


Additional Information:

Browse Retail Sales Data of the US Census Bureau

Consumer Expenditure Survey Home Page

2002 Survey (most recent)

The Luxury Phenomenon
from Boston Consulting Group
European New Luxury Market Estimated at $400 Billion Outside the U.S.

"As in the United States, the consumer markets in Western Europe and
Japan are being restructured by emerging buyers of "New Luxury" --
items, products and services that deliver higher levels of quality,
taste, and aspiration than conventional ones -- according to a new
report from The Boston Consulting Group (BCG).
The market for the U.S. "new luxury" products and services was $440
billion in 2003 in the U.S."

Luxury Electronics:

"The number one must widely purchased luxury in the past year was
luxury electronics, mirroring a finding from our 2002 survey. And
among those who bought jewelry, they spent nearly $2,000?that is 46
percent more than they spent on this ultra-luxury category in the
previous year."


"Spa spending also got a 36 percent boost this year over average
spending last year."


" Demand for platinum for the fabrication of jewellery in North
America rose by 5% in 2003 as platinum built on its popularity in the
bridal sector. Consumer surveys conducted in this target market
indicated that in 2002 platinum accounted for 38% of engagement rings
priced above US$3 000, 36% of women's wedding bands priced above US$1
000, and 32% of men's wedding bands priced above US$500. These are
substantially up on previous years, despite the rising platinum price.
Recent consumer and trade surveys confirm the increasing preference
for platinum bridal jewellery."

Economics Links:

United States Bureau of Economic Analysis site:

Provides data at regional (e.g., state and local area data);
international (e.g., balance of payments); and national (e.g., gross
domestic product) levels.

Consumer Price Index:

From the Bureau of Labor Statistics, US Department of Labor.

Econ Links

Links to a wide range of economic information, including other
Web-based indexes and directories, as well as sites highlighting
economic indicators and analysis of the US macroeconomy.


Search Strategy:

Database Research, Lexis Nexis

Thanks again for your question. Please don't hestitate to request
clarification if need be. Good luck.

Anthony (adiloren-ga)
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