A little bit of good news for the video game industry.
Consumers say they will spend less time at restaurants and resist buying that new outfit. But they won’t tighten the belt as much on video games, movies, music or toys, according to NPD Group.
A study released Tuesday said, “In October, consumers said they were most likely to cut back on dining out (with 57% saying they planned to spend less), followed by apparel at 54% and entertainment at 50%. The least likely to be affected will be video games at 35%, toys at 39%, movies at 43%, beauty at 44%, and music 44%.”
The monthly study shows that consumers have steadily changed their spending habits over the course of the year.
Advertisement
