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 an entertainment star before, but Taylor Swift is not your average entertainment star.

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 is also always 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 persistent.

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 when singing about her own heartbreaks that Taylor Swift resonates 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 endured 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 like it was the turning point in my career. I felt like I had the mental strength 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 has eclipsed many other major artists' successful tours. The Eras tour has consistently set records for ticket sales. Swift has not only made an artistic and emotional mark on her fans, but she has also made an economic mark as she has 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 the 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 people and created an economic boost for the 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).

Carolyn Sloan, an economics professor at the University of Chicago, told Forbes : "Taylor Swift is like a large corporation operating in many fields. She can bring economic impact in many areas. We have underestimated the magnitude of Swift's career in economic terms. With the numbers released 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 the Eras tour passes through.

American business magazines such as Fortune and the Wall Street Journal have analyzed the economic effects that Taylor Swift brings to the American 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 career after the Eras tour ends will be more than $4 billion. No other star in music history has ever achieved this.

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

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

At the end of her US tour, Swift awarded a bonus of up to $55 million to members of her tour crew. Of which, 50 truck drivers who operated vehicles transporting equipment for the US tour were awarded $95,000 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 she works with. For fans, Swift is an inspiration. In fact, Swift's female fans are really numerous, many fans say they find sympathy with Swift and admire her. Taylor Swift constantly renews her image, making herself attractive and impressive every time she appears.

Swift has endured some of her lowest moments, 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. According to Swift, the clip was edited to make viewers think that Swift had actually agreed, but according to her, 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 that 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: veteran 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 is struggling with many scandals, while Swift is 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 makes many people enjoy.

Taylor Swift always gives an experience worth the money

Tickets to Swift's concerts aren't cheap, but she always gives her fans what they pay for. Swift can perform over 40 songs in a row, changing 16 outfits, in a 3-hour show. Swift says she trains her body and voice every day, singing while running on a 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 the 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 every night. 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 simple, or we can make it as complicated as we want, but at the end of the day it comes down to one question... Did you find yourself entertained while watching me?".

Taylor Swift's fashion style through the years (Video: Access Hollywood).

According to Daily Mail

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