Taylor Swift brings $5 billion boost to US economy this year

In the US, many people were shocked by Time magazine's decision to award the title of "Person of the Year 2023" to singer Taylor Swift. Letting a pop star become "Person of the Year" made many people think that Time magazine was not serious about its choice.

In the history of awarding the title "Person of the Year", Time has always chosen characters that are considered to have weight, such as politicians , billionaires, famous social activists...

Time has never given the title of "Person of the Year" to a celebrity before, but Taylor Swift is no ordinary celebrity.

In fact, even the biggest music stars and bands at the peak of their careers did not achieve the success that Taylor Swift has achieved in 2023. Swift's success has reached a level that no international pop star has ever reached.

With the Eras tour, Taylor Swift became the music star with the highest-grossing tour of all time. Revenue from Taylor Swift's music products has always been impressive.

The film about her Eras tour was not only a huge box office hit but also nominated for several film awards. Swift herself produced the film about her tour.

Movie trailer "Taylor Swift: The Eras Tour" ( Video : CGV).

Radio stations play Taylor Swift nonstop. Universities offer courses on her. Her fan base is so large that she can play three consecutive concerts at the same stadium. Her fans are passionate, loyal, and enduring.

This year, Taylor Swift has dominated the international showbiz news. Last week, Taylor Swift turned 34, officially becoming the world's biggest pop star.

Looking back at Taylor Swift's journey

Taylor Swift has gone from a country singer who signed her first record deal at age 14 to an award-winning pop singer. Swift has sold 114 million albums worldwide. It is Swift's ability to write her own songs that has helped her career flourish.

Swift is considered the queen of breakup songs. It is by singing about her own heartbreaks that Taylor Swift has resonated with her fans, creating a deep connection with those who love her music.

Taylor Swift has both perseverance and ambition, which have helped her overcome difficult times in her career (Photo: Daily Mail).

From sweet and youthful songs expressing the feelings of a young girl in Love Story or You Belong With Me , Taylor Swift gradually matured and became more thoughtful. She wrote more sophisticated and profound songs such as Champagne Problems or The Last Great American Dynasty . The lyrics in Swift's songs are always written like stories.

Throughout her career, Swift has faced criticism, ridicule, and public attacks. She has also had to work very hard to maintain her class and style over time. After all, Swift has overcome it all to continue to stand firmly at the top of her career.

Taylor Swift has both perseverance and ambition, which have helped her overcome difficult times in her career: "It was during the most difficult times that I felt was the turning point in my career. I felt mentally strong enough to face anything that could happen."

Despite all the ups and downs, Taylor Swift has achieved the greatest success of her career to date, which is the Eras tour promoting her 10th album. This is also the tour that summarizes Taylor Swift's entire singing career to date. The Eras tour has become the highest-grossing tour in the history of the world music industry.

Taylor Swift gives a boost to the US economy

Swift kicked off her Eras tour in the US in March, with 53 sold-out shows in 20 cities. She then embarked on an international tour.

Swift's Eras tour's success eclipsed many other major artists' tours. The Eras tour consistently set records for ticket sales. Swift not only made an artistic and emotional mark on her fans, but also made an economic mark as she traveled through the cities.

Swift's tour has given a boost to the economies of many US states, as well as to the overall US economy this year (Photo: Time).

The numbers show that the economic boost created by the Eras tour is impressive. It is estimated that the Eras tour has generated up to $5 billion in spending as it travels through American cities.

According to the US Travel Association, Taylor Swift's tour in the US has brought an increase in spending in the US economy of 5 billion USD. This is the amount of money that Swift's fans in the US have spent on travel, renting rooms and spending during their stay in a city to watch their idol's concert.

Swift not only enriched herself from the Eras tour, American economic experts recognized that she brought positive impacts to the American economy.

For example, when she held two concerts in Denver, Colorado, on average each fan attending the concert spent $1,300 on room rental, transportation, food, shopping... Taylor Swift's two concerts in Denver created a spending boost in Colorado at $140 million.

With 6 shows in Los Angeles, California, Taylor Swift performed in front of half a million spectators and created an economic boost for this state of nearly 320 million USD.

It can be seen that Swift's tour has brought boosts to the economy in many US states, as well as to the overall US economy this year.

American business magazines such as Fortune and the Wall Street Journal have analyzed the economic effects that Taylor Swift brings to the US economy (Photo: Daily Mail).

Ms. Carolyn Sloan - an economics lecturer at the University of Chicago - shared with Forbes magazine: "Taylor Swift is like a large corporation operating in many fields. She can bring economic boost in many areas. We have underestimated the stature of Swift's career when considering the economic aspect. With the numbers given this year, no one can doubt this anymore."

The spending power of fans attending Swift's concerts has given the economy in many cities and states in the US a positive signal. The fact that fans are excitedly traveling across cities and states, renting rooms at hotels, shopping, eating, sightseeing, having fun... has helped boost the economy in the places where Eras tour passes.

American business magazines such as Fortune and the Wall Street Journal have analyzed the economic effects that Taylor Swift brings to the US economy.

After the winter break, Taylor Swift will continue touring in February 2024 in several Asian countries, before traveling to European countries next summer. When the tour reaches its final leg, Swift will return to the US to perform in the fall.

The Washington Post estimates that Swift's earnings from her Eras tour will be more than $4 billion. No other star has ever achieved this in music history.

Taylor Swift: Beautiful, "fair play", love and hate clearly

Earning a lot of money, Swift also knows how to share with the less fortunate. She often donates money generously to charities that support food for the poor. Swift also often sends donations to charities operating in the cities where she performs.

At the end of the US leg of her tour, Swift awarded a bonus of up to 55 million USD to members of her tour crew. Of which, 50 truck drivers who operated vehicles transporting equipment for the US tour were given 95,000 USD each.

Taylor Swift constantly renews her image, making herself attractive and impressive every time she appears (Photo: Daily Mail).

That is a beautiful aspect of Swift. She always behaves well with the people who collaborate with her. For fans, Swift is an inspiration. In fact, Swift's female fans are really numerous, many fans said they sympathize with Swift and admire her. Taylor Swift constantly renews her image, making herself attractive and impressive every time she appears.

Swift has been through some of her lowest points, when her image took a hit. The tense confrontation between rapper Kanye West and Taylor Swift is one she will never forget. In 2009, when she was accepting an award at a televised music awards ceremony, West took the stage to insult her, creating a scandal that exploded at the time.

West later wrote a song with very disrespectful lyrics directed at Swift and claimed that Swift herself agreed to let West write these lyrics.

Kanye West and his then-wife, Kim Kardashian, released a clip of the conversation between West and Swift. Swift said the clip was edited to make viewers think Swift had actually agreed, but she said it was a lie.

Taylor Swift is Time magazine's "Person of the Year 2023" (Video: Time).

When the clip was released, Swift's image was severely affected. Swift was forced to live a private life for a year: "It was a period of mental breakdown on a level I had never experienced before." When she became "Person of the Year 2023", Swift did not hesitate to look back on that dark period.

Her solace came from an unexpected source: the legendary British singer Paul McCartney. He sent Swift a handwritten note with the words: "Take care of your broken wings and learn to fly." Swift framed the note and hung it in her home in Manhattan, New York, USA.

At this point, West's career was struggling with many scandals, while Swift was having great success. Looking back at the time when she was "played dirty", Swift said: "Trash will always eliminate itself over time". Swift's uncompromising, very fierce and straightforward attitude made many people enjoy.

Taylor Swift always gives an experience worth the money

Tickets to Swift's concerts are not cheap, but she always gives her fans what they pay to see her perform. Swift can perform more than 40 songs in a row, changing 16 outfits, in a 3-hour show. Swift said that she has to practice her physical strength and voice very seriously every day, by singing and running on the treadmill.

She had to sing the entire list of more than 40 songs clearly and steadily on the treadmill, to ensure she had enough physical strength and vocal stability when appearing in long performances.

Taylor Swift is like a superhero in the entertainment industry, an unstoppable force (Photo: Daily Mail).

What Swift has achieved on her Eras tour is truly remarkable. Beyoncé needs long breaks between shows, Swift can perform three nights in a row. Adele often has physical and mental health problems when on tour, Swift always maintains a stable performance despite a busy schedule.

Madonna often shows up late to shows and talks a lot on stage, Swift always shows up on time, communicates in moderation and sings as much as possible during each show. In fact, Swift's performance among female celebrities is always outstanding.

Taylor Swift is like a superhero in the entertainment industry, an unstoppable force, a star who sets unprecedented records in the music industry.

Sharing with Time about her current state, Taylor Swift said: "This is the time I feel the proudest, happiest, and most satisfied with my creative ideas. I feel freer than ever.

We can keep it as simple as we want, or as complicated as we want, but at the end of the day it comes down to one question... Are you entertained by following me?

Taylor Swift's fashion style over time (Video: Access Hollywood).

According to Daily Mail

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