Elder Millennials Have A lot less Time for Entertaining

Not too long ago released info for 2021 show an obvious reversion towards (though not all the way) to pre-pandemic norms:

There are some comparability challenges here because the 2020 study was interrupted by the onset of the pandemic. There are seasonal discrepancies in leisure action and the BLS ended up publishing only the results from Could by December. But they are not significant concerns: The 2019-2020 comparisons in the very first paragraph are based on May well-December facts from the two many years, and quarterly quantities out there for Tv set-watching time present a huge winter 2020-2021 peak and then a falloff that basically remaining Television time reduce in the fourth quarter of 2021 than in any fourth quarter since 2007 — a change that has remaining its mark on the inventory rates of Netflix Inc., Walt Disney Co. and other folks.

A much more serious issue with these time-sequence figures, in individual the modest uptrend in leisure time they have been showing even prior to the pandemic, is that the US population keeps getting older. Aged people today have a good deal extra leisure time than every person else, which could be driving the increase in in general leisure time.

Guaranteed more than enough, if you independent issues out by age group it’s not clear that there has been any maximize in leisure time considering that the very first time-use survey in 2003. Of the more compact assortment of age teams for which the BLS offers historical details, half (people 25-34, 55-64 and 65 and older) have noticed an increase in leisure time because then and 50 percent (15-24, 35-44 and 45-54) a minimize. Most of the improvements have been so tiny that they could just be sampling error, which is why I’m not bothering with a chart. This is not the scenario, though, for the team that has noticed the most important decrease in leisure time because 2003, and had the least to begin with.

I converse…