Recently, I read a fascinating study by Residential Energy Consumption that looked at annual household income and the comparison between tv and computer ownership within the home. CNN Money asked the question, “Are you poor if you own a flat screen tv?” A study found that 62% of American households earning less than $20,000 (categorized in this study as “low income”) owned 2-4 tvs. In fact, about 1/3 of low income families who owned a tv had either a plasma or flat screen tv. This is comparable to households who earned $120,000 or more in which the study found that 68% owned 2-4 tvs. An interesting side note is that by 1960, 75% of American families owned one television set. Much of this consumer spending in the 60’s was done on credit, with bank loans, installment buying, and credit cards (which were introduced in 1950).