How to tell youngins from fogies

economix-19luxnecage-custom1.jpg

Good place to start is looking at what's considered a necessity and what's a luxury. The Pew Research Center asked that question to folks in all age groups, and while the results aren't a huge surprise, they do illustrate a society that's changing before our very eyes. For example, fewer than half of 18- to 29-year-olds say that a landline is a necessity of life, and fewer than three-in-10 say the same about a TV. For many of them, cell phones and Internet access work just as well. Most of the oldsters, by contrast, consider both to be a necessity. From the press release:

Indeed, the dichotomy posed by the question "luxury or necessity" may itself be something of a relic. For some items, a more appropriate question in 2010 may be whether consumers consider these venerable appliances to be "necessary" or "superfluous."

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Charts are from the NYT.


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Mark Lacter
Mark Lacter created the LA Biz Observed blog in 2006. He posted until the day before his death on Nov. 13, 2013.
 
Mark Lacter, business writer and editor was 59
The multi-talented Mark Lacter
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