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20% of US households will spend stimulus funds on consumer electronics

Darren Murph

Forget income tax rebate checks -- what are you doing with that bonus that should be arriving between May and August of this year? Apparently, 1 in 5 of you will be spending at least a portion of your economic stimulus rebate check on consumer electronics. Granted, this "research" was dug up and put out by the Consumer Electronics Association, but all in all, it actually sounds about right. After all, shipments for flat-panels have already been on the rise this year despite a softening economy, and according to the CEA, "computers, televisions and mobile phones" are the items most likely to be targeted. More specifically, some 39-percent will purportedly use their extra income on a TV, but for their own sake, we certainly hope they set aside enough to purchase HD service to go along with it.

[Image courtesy of Crutchfield]

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