A report soon to be released by the Treasury will reveal the changing world of consumer spending and the increased ownership of material goods.
The report, based on a survey of over 150 households and around 400 household members, will reveal that:
In general the percentage of households with durable goods has risen over time as one would expect, whilst new items have become available sine the last time the survey took place in 1996. For example:
Mobile phones were not even in the basket of goods and services in the last survey but now over 90% of households have one.
89% of households now have a DVD player.
Households with satellite TV have more than doubled, from a third in 1996 to over two thirds in the latest Survey.
.Ownership of home computers has also risen substantially, to over 60% of households, compared to 35% in 1996.
There is almost universal ownership of washing machines, microwaves, telephones, mobile phones and television sets, with 90% or more of households owning them
Although the number of participating households appears small, the sample survey is large enough to allow for the accurate generalisation of the results. At 1 in 200 households the sample taken compares favourably with the 1 in 5000 in the equivalent UK survey.
The Report (the 2006/07 Household Income and Expenditure Survey) is due for release next week.
For further information, please contact Stephen Carse, Economic Adviser, Economic Affairs Division, Illiam Dhone House, 2 Circular Road, Douglas, Isle of Man, IM1 1PQ, Tel 01624 685741, Fax 01624 685747, e-mail email@example.com