Young Americans Are Spending a Whole Lot Less On Video Games This Year (gamespot.com)
(Wednesday July 02, 2025 @11:20AM (BeauHD)
from the grass-touching dept.)
An anonymous reader quotes a report from GameSpot:
> Perhaps responding to economic uncertainty and narrowing job prospects, young people in the United States are [1]significantly cutting back on spending on video games compared to this time last year . While 18- to 24-year-olds aren't buying as much across a range of different categories, losses are concentrated in games. New data published by market research firm Circana and reported by [2]The Wall Street Journal suggests that young adults spent nearly 25% less on video game products in a four-week span in April than in the same timeframe last year. Other categories also dramatic drops: Accessories (down 18%), technology (down 14%), and furniture (down 12%).
>
> All categories combined, the 18-24 age group spent around 13% less than last year. This decrease is not reflected among older cohorts, whose spending has been mostly stable year-over-year. The WSJ report suggests that the economic context could be driving young adults to pull back; a tighter labor market, increased economic uncertainty, and student-loan payments restarting all may be contributing to an environment hostile to the spending habits of 18- to 24-year-olds in particular.
[1] https://www.gamespot.com/articles/young-americans-are-spending-a-whole-lot-less-on-video-games-this-year/1100-6532877/?ftag=CAD-01-10abi2f
[2] https://www.wsj.com/personal-finance/young-american-consumer-spending-cut-f2b482e5?st=HJkcW3
> Perhaps responding to economic uncertainty and narrowing job prospects, young people in the United States are [1]significantly cutting back on spending on video games compared to this time last year . While 18- to 24-year-olds aren't buying as much across a range of different categories, losses are concentrated in games. New data published by market research firm Circana and reported by [2]The Wall Street Journal suggests that young adults spent nearly 25% less on video game products in a four-week span in April than in the same timeframe last year. Other categories also dramatic drops: Accessories (down 18%), technology (down 14%), and furniture (down 12%).
>
> All categories combined, the 18-24 age group spent around 13% less than last year. This decrease is not reflected among older cohorts, whose spending has been mostly stable year-over-year. The WSJ report suggests that the economic context could be driving young adults to pull back; a tighter labor market, increased economic uncertainty, and student-loan payments restarting all may be contributing to an environment hostile to the spending habits of 18- to 24-year-olds in particular.
[1] https://www.gamespot.com/articles/young-americans-are-spending-a-whole-lot-less-on-video-games-this-year/1100-6532877/?ftag=CAD-01-10abi2f
[2] https://www.wsj.com/personal-finance/young-american-consumer-spending-cut-f2b482e5?st=HJkcW3