The New York Times has a cool visualization chart on its site Wednesday showing how the world population spends its discretionary income.
It highlights per capita spending on clothing and footwear, electronics, alcohol and tobacco, household goods, and recreation. At Crave, we obviously zeroed in on electronics spending, and the results seemed predictable at first: the U.S. spends an ungodly amount of money on electronics: $162 billion a year. "Electronics, " by the way, are defined here as PCs, TVs, stereos, and camera equipment. Cell phones, notably, are not included.
The U.K., France, Germany, and Russia also … Read more