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I assume entertainment budgets are a constant percentage of total discretionary spending. So they go up as income increases with economic growth.
by learc83 15y ago
I assume entertainment budgets are a constant percentage of total discretionary spending. So they go up as income increases with economic growth.
- fauigerzigerk 15y agoTrue, but real incomes have been stagnant in the US and many other developed countries for over a decade.