And unsurprisingly, Millennials are the biggest spenders.
You ever stopped to wonder just what you might have been able to do with your life if you didn’t spend so much money on video games? That’s a question we’ve been avoiding most of our lives, but now it’s been answered thanks to the economists over at All Home Connections, an authorized reseller of AT&T products. Because apparently they just wanted us to feel bad about ourselves today.
All Home Connections surveyed 1,000 American gamers to find out how much money they spend every month and how old they are. They also asked about how much they spend on games compared to travel and fitness, but they didn’t forward us the results of those questions, either because it was boring or because nobody cares about travel or fitness two years into a global pandemic.
Anyway, the results of the survey revealed the average gamer spends roughly $76 per month on gaming or about $58,000 over the course of their entire life. Millennials spend the most out of all gamers at roughly $86 per month and $66,000 per lifetime. That makes sense as Millennials make more money than Gen Z and grew up in a world where gaming was already a multi-billion dollar industry. Gen X spends comparatively less since they grew up at the very beginning of gaming, and boomers spend the least because they’re probably too busy spending money on travel or fitness.
Just to add insult to injury, All Home Connections also calculated how much money we’d make by retirement if we didn’t spend all that cash on games. Gen Z could expect around $285,000 by the age of 65 assuming a 6% annual return, while Gen X could have had $221,000, and Boomers $185,000. Millennials could have had over $307,000.
But what would you rather have: 300 grand or a new Elden Ring every year? Personally, I’m picking Elden Ring.
Freelance writer and contributor at The Gamer, Sean hails from Toronto, Canada. If you ask Sean what he likes, he’ll say, «Robots, Ninjas, donuts – in that order.»
