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Astin Wu
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No. 04: Feb. 23, 2009 |
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Looking into 2009: |
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Asian consumers spend dramatically more than the average U.S. household on homes, education, and public transportation. Asians also spend more than the average household on food (groceries and dining out), telecom services, furniture, floor coverings, major appliances, clothing, cars, and personal insurance and pensions. They spend much less of their budgets on electricity, gas and motor oil, health care, tobacco products, and entertainment. |
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Average Spending Per Consumer Unit (dollars)
(Source: Selig Center for Economic Growth, July 2008)
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