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When competing for the discretionary income of American families Audio is not a blip on the radar
Seems appropriate.Yes, there's a difference between high-end audio and high-priced audio:
High-end audio strives for the highest fidelity no matter the cost.
High-priced audio costs a lot whether it's better or not, or even if it's worse.
--Ethan
Americans have $1.47 trillion in discretionary income. Median income is around $50k/yr. with up to $10k being discretionary. The top 2.2%of income earners account 11% of discretionary spending. There discretionary income is around 40k+.
You live in Canada. The stats say "up to" and of course it is a statistical average.That's roughly what I make, and I can tell you for a fact I don't have 10K of discretionary income. I should tell you that I'm single, so all expenses are mine.
Discretionary income is the amount of money left over after taxes are taken out, bills are paid, and basic needs are covered. Thanks to a recent study we learn how much extra cash Americans have on hand and what they're doing with it. A select few are spending a sizable portion of all the discretionary spending in the country.
You live in Canada. The stats say "up to" and of course it is a statistical average.
John-I know, but I commented only because 20% of earnings at that income level seems rather high...Canada or U
Quet in here. I guess the new DCS dac got all the attentionn when everybody realized it was only $110k, not $135K. Hard to keep an Audiophile away from a bargain, you know.
Tim
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