As health premiums rise even the insured are spending less on care

StethoscopeOnMoney

More money is spent on health insurance but less money is spent on care.

U.S. Bureau of Labor Statistics numbers show more money is being spent on health insurance but less on care.  Americans are spending more money on insurance premiums, and they’re spending less out of pocket on health services. The trend doesn’t reflect patients getting more health coverage for their insurance money, experts say. It reflects patients, even those with insurance, avoiding spending cash on health care they think can be put off.

 

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Spending on pets in the U.S. increases during recession

pampered pet

Americans will spend more than $50 billion on their animals this year.

Mary Louise Mills has a says her three dogs are spoiled rotten 9-year-old shih tzu named Annie Lulu after Mills’ grandmother, and two Pekingese — 7-year-old Miss Daisy May and 4-year-old Elmer, whom she sometimes calls Fudd.  And she says her all three of her dogs are spoiled rotten.

 

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China becomes No. 2 ad market in the world

china and japan

China will surpass Japan in total media spending this year.

Advertising in China, still developing compared to countries like the US and Japan, is beginning to catch up to the demand of consumer-facing companies looking to expand their reach among the world’s largest population and its growing buying power. eMarketer estimates that by the end of this year, ad spending in the China will increase enough to make the country the second-largest advertising market in the world.

 

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Luxury Buying on the Rise Among High Income Households as Unemployed Not Spending

luxury spending

Purchases of TVs, jewelry, recreational vehicles and pet supplies are growing.

Consumers are buying more luxury items but spending remains tight for everyday essentials such as food and dental care, a USA Today analysis finds, suggesting a growing divide between haves and have-nots.Purchases of TVs, jewelry, recreational vehicles and pet supplies are growing robustly, government data show. At the same time, spending on medical care, day care and education is down in the dumps.

 

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Spending on Prescription Drugs Doubled in Less Than 10 Years

prescription-drugs

Prescription drug spending has doubled in the last decade.

Over the last 10 years, the percentage of Americans who took at least one prescription drug in the past month increased from 44% to 48%, says a federal government study.Use of two or more drugs increased from 25% to 31%, and the use of five or more drugs increased from 6% to 11%, according to the analysis of data from the National Health and Nutrition Examination Survey (NHANES).

 

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Shifting Trend in Luxury Purchases – Buying Top Technology and Investing in a Lifestyle Experience

luxury

The new luxury is about investing in a lifestyle experience that not only can help improve health but also escalate the experience of such mundane acts as baking a pizza at home.

Steve Hundley dumped his Jaguar convertible. He stopped taking Baltic cruises. And he stopped buying his wife pricey jewelry.  But last year, just as the recession raised its head, the San Diego resident paid $6,500 for an outdoor artisan pizza oven.  “We don’t need the Jaguar or cruises to the Baltic,” says Hundley, who at 56, is semiretired following a heart attack two years ago. “But cooking healthy food is a big priority.”

 

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46% of Americans Suffer From Debt-Related Stress According to Survey

debt-stress

Debt still stresses Americans.

The economy trudges ahead yet debt dogs many Americans, stressing them out even as they firm up their own financial foundations. There are new jobs produced but old worries persisting for people despite belt-tightening and boosted savings, according to an Associated Press-GfK poll.

 

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Online Display-Ad Spending Will Fall In 2009

Online Display-Ad Spending Will Fall In 2009

For a year, we’ve listened to analysts passionately explain how online ad spending will power through any broader economic and advertising weakness. Eyeballs are moving online, this story went (goes), ad dollars will follow. Online advertising is accountable. Online advertising is the future. Blah, blah, blah.

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