Spending on tech toys took off in the first decade of the 21st century. Personal spending on telephones experienced a whopping 17 percent annual increase from 2000 to 2011, according to data compiled by Bloomberg Rankings from U.S. Bureau of Labor Statistics releases. Up nearly as much were sales of video, audio and photography equipment. More eyebrow-raising is the next biggest category: luggage and other personal items, which recorded a 9 percent gain in spending. Over the same period, money spent on fuel oil showed the biggest decline.
Here are the 10 categories that saw the greatest ups and the 10 that show the largest drops in personal expenditures over the decade.
10. Furniture and Furnishings
Compound Annual Growth Rate: 3.48%