Take a look at this graphic image below that Jason put together. Some of the stats are amazing. The most intriguing to me are:
- Less than 4% of the world's children live in the United States but we buy more than 40% of the toys.
- The amount of money spent per child on toys in the United States is $280 per year.
- Toy sales have increased by 2% during the recession while the amount spent in supermarkets has decreased by .5%.
During a time when many of us are examining our budgets and reigning in extra spending, we need to take a hard look at what we are spending on toys and decide if that area can be trimmed a bit. Kids learn so much from our behaviors and actions. It can definitely send mixed messages to them if we are cutting coupons and saving gas, but at the same time, we are willing to buy them the latest, greatest toy. Perhaps we can let our kids save their own money and buy their own toys (outside of birthdays and holidays, of course!). What do you think?