US Psychic Industry Has Big Growth

The U.S. psychic industry has grown 52% since 2005 to reach $2.2billion in revenue last year thanks to wider acceptance of the supernatural, report finds

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Originally Posted by Daily Mail They come seeking insights on love, money and lost loved ones. Some find answers and relief. Others find a reason to keep coming back, paying each time for the answers they crave. Whether it's palm readers or astrologers, experts in tarot, or mediums who connect with the dead – the psychic industry is booming, according to a new report. Revenues have grown 52 percent since 2005 to reach nearly $2.2 billion in 2018, the most recent year for which data is available, according to an IBISWorld industry report obtained by DailyMail.com. The industry has rebounded along with the post-recession economy and a growing acceptance of the metaphysical or supernatural. The industry's growth comes as personal religious beliefs in the U.S. have become more flexible and accepting: more than a quarter of Americans have left the faith they were raised in and 16.1 percent consider themselves unaffiliated, according to Pew Research Center. 'I don't think the susceptibility or gullibility of Americans has changed over the decades,' said Michael Shermer, the publisher of Skeptic magazine and a teacher of critical thinking at Chapman University. 'What we're witnessing is probably more internet access for promoters of psychics to spread their business more,' he told DailyMail.com. At the same time, the industry is contending with escalating local regulations, as a growing number of states pass ordinances requiring background checks, registration fees, random inspections and limits on how many psychics can work within a given area, according to IBISWorld. ...

https://www.dailymail.co.uk/news/art...enue-year.html

The highest concentrations of psychics are in Florida and California.

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