Nearly 90% of people claim to be cutting spending on their partners during the recession compared to just 60% on their own music expenditure, according to a survey conducted by PRS for Music, formerly known as the Performing Right Society.
Press Release (PressBurner) Jan 27, 2009 - Nearly 90% of people claim to be cutting spending on their partners during the recession compared to just 60% on their own music expenditure, according to a survey conducted by PRS for Music, formerly known as the Performing Right Society.
PRS for Music, the organisation responsible for collecting royalties, which reported a record distribution of £600m last year for its 60,000 songwriter, composer and music publisher members, conducted the survey to find out the effects the recession was having on Britain’s spending habits and its effects on music.
Women were 10% more likely to cut expenditure on their partners than men, with 67% of women claiming to be cutting up to 20%, compared to 63% of men.
Top spending cuts
Activity % of people claiming they were cutting back on
Clothes 91%
Eating Out 91%
Holidays 89%
Partners 88%
DVDs 87%
Pub 87%
Music 60%
Source: PRS for Music
Steve Porter, chief executive at PRS for Music said: ‘Our research shows the importance of music as a core part of everyday life, even during a recession. Even though people are cutting back on things like buying clothes, eating out and spending on their other halves, they are far less likely to cut back on their music.’
