A Slow Decline in Readers

booksDo you read printed books occasionally?  If you do, you’re still in the majority, but a declining one.  As you can see from the accompanying chart, 73% of American adults have read at least one book in the last 12 months, down from 79% in 2011.  65% of us have read a print book in the past year, while a growing number—currently 28% of us—have read an e-book, and 14% have listened to an audio book.  The electronic formats appear to be growing in market share, but very slowly compared to the printed versions.

According to the Pew Research Center, the median number of books an American will read in a 12-month period is four, but a relatively small group of voracious readers pushes the average number of books read per American up to 12.  Women (77%) are more likely than men (68%) to have read a book in the past year, while 26% of the population does not read books at all.

Apparently reading declines with age.  80% of Americans age 18-29 have read a book in the past year, but that declines to 73% for people age 30-49, and further declines to 70% of people age 50-64.  Only 67% of people over the age of 65 read a book in the past year.

Source: http://www.pewinternet.org/2016/09/01/book-reading-2016/

 

 

About Objectively Speaking

Tom Batterman, founder of Vigil Trust & Financial Advocacy and Financial Fiduciaries, LLC is in the business of representing the best financial interests of his clients. Having provided objective, fee-only financial management services for over two decades, he specializes in managing the investment and related financial affairs of individuals and mutual insurance companies who do not have the time, interest or expertise to manage such matters on their own. As an objective, unbiased professional who takes on a fiduciary responsibility to his clients, he guides clients to the financial decisions they would make themselves if they had years of training and experience and the time and expertise to fully research and understand all of their options. Founded in 2010 as an outgrowth of Vigil Trust & Financial Advocacy, Financial Fiduciaries, LLC is a financial management solution for individuals and mutual insurance companies who recognize they do not have the time, interest or expertise to properly attend to their financial matters on their own. While there are many financial “advisors”, most of them have investment products to sell and the “advice” they provide is geared toward getting their clients to engage in a purchase. As one of the rare subset of advisors known as “fiduciary advisors”, Financial Fiduciaries does not sell any investment product so its guidance is not compromised by conflicts of interest which plague ordinary advisors. Prior to his employment in the financial industry in financial advocacy and trust positions, he worked at a private law practice in the Wausau area in the areas of estate planning, tax, retirement planning, corporate organizations and real estate. He is a graduate of the University of Wisconsin-Madison and the UW-Madison Law School and has during his career held Series 7, 24 and 65 securities licenses. A longtime resident of the Wausau, Wisconsin Area, Tom is active in the community. He enjoys golf, curling, skiing, fishing, traveling and spending time with his family.
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