Skip to Content

What to do in a recession? Let's go to the movies!

More
Text SizeAAA

Filed under: Bargains, Budgets, Extracurriculars, Shopping, Recession

The idea of getting away from your troubles by going to a movie is taking on more significance during this recession, as movie ticket sales are up 17.5% this year to $1.7 billion, according to Media by Numbers, a box-office tracking company quoted in a story in the New York Times.

Movie attendance has also jumped, by nearly 16%, and if that pace continues throughout 2009, it would be the biggest box-office surge in at least two decades, according to the Times.

Being in the dark and leaving your troubles at the door of a theater is a common reaction in a recession.

"It's not rocket science," said Martin Kaplan, the director of the Norman Lear Center for the study of entertainment and society at the University of Southern California. "People want to forget their troubles, and they want to be with other people."

The story points out that the old theory that movies do well in hard times isn't precisely true. The last time a double-digit jump in attendance happened was in 1989, when the unemployment rate was at 5.4%. It's now at 7.6% nationally, according to the latest figures from January. In 1989 the number of moviegoers rose 16.4%.

But in 1982 with unemployment past 10%, theater attendance increased 10.1% to about 1.18 billion. But when the economy picked up in 1985, admissions fell nearly 12%.

Subscribe to Walletpop

Reader Comments (Page 1 of 1)

What are the Next Hot-Spots in the Luxury Resort Scene?
Luxist Awards asked three of our Expert Panelists, all veterans of the travel industry, about the ...
The Luxist Awards for Best Accessories
Do you know of a magnificent jewelry line with pieces that are to die for? Which is the finest ...

Julia Scott
Julia Scott Filed under: Bargain Babe

Target coupon generator an easy way to get coupons

I never knew there were so many coupons for Target! Print multiple quantities of hot coupons using AFullCup's Target coupon generator. There were almost 100 to chose from when I last checked. Only ...
Geoff Williams
Geoff Williams Filed under: Banks

552 banks are currently at risk for shutting down

Could your bank fail? There's still a chance, but if you study the numbers, the odds are still highly in your favor that your financial institution will be sticking around. Earlier this week, the ...
Amy Pyle
Amy Pyle Filed under: Budgets, Home, Real Estate, Saving Money, Mortgages

Want a smaller home? What would you give up?

Survey after survey shows that, in the name of affordability, post-crash home buyers are opting for less square footage -- down 100 square feet or more on average. People can't afford a big house ...
Zac Bissonnette
Zac Bissonnette Filed under: Real Estate, Mortgages

What to look for if selling your home with seller financing

Think rich people pay cash for 8-digit trophy homes? Think again. According to the Malibu Real Estate Blog, there are 18 homes in the Malibu market where sellers have specifically noted in the MLS ...

Headlines from WalletPop Partners