Should we level up our spending on this hobby? Or is it game over for our budgets?

Answer: $76 per month on average

Questions:

• What are the benefits of spending on gaming? Are there any negative consequences of spending this much on a hobby?
• What are the opportunity costs of spending money on gaming? What else could you do with $76 per month?
• Do you think spending $76 per month on gaming provides good value for the money? Why or why not?

Here are the ready-to-go slides for this Question of the Day that you can use in your classroom.

Behind the numbers (Yahoo!):

"A recent survey by All Home Connections found that the average gamer spends about $76 a month on their hobby, or $912 a year. The average life expectancy is 78.79 years, and assuming that gamers started gaming at the age of 12, that amounts to $60,912.48 over a lifetime.

Millennials as a cohort spend even more than the average gamer overall: $86 per month, or $1,032 a year. If an average millennial started gaming when they were 12 and lives to be 78.79 years old, they’ll have spent $68,927.28 on their passion for gaming. Gen X spends a pretty penny too: $62 a month ($744 a year) and $49.691.76 over a lifetime, assuming they also started gaming at age 12. Unsurprisingly, baby boomers — whose childhoods weren’t necessarily filled with gaming consoles — spend the least: $52 a month (or $624 a year) on gaming."

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About the Author

Ryan Wood

Ryan grew up with and maintains a love for learning. He graduated from the University of Wisconsin-Green Bay with a degree in Business Administration and worked in sports marketing for a number of years. After living in Texas, Colorado, Tennessee, and Minnesota, the call of education eventually brought Ryan back to his home state of Wisconsin where he was a Business and Marketing teacher for three years. In his free time he likes to spend time with his wife and daughter, play basketball, read, and go fishing. Now with NGPF, Ryan is excited to help teachers lead the most important course their students will ever take.