Black Friday Blues: Half Plan Cuts in Holiday Spending

Hammered by the downturn, half of Americans plan to spend less on holiday gifts this year – less bad than last year but still among the worst retail outlooks in a quarter-century. With 50 percent in this ABC News poll saying they intend to cut back, spending plans have been this poor in just two Christmas shopping seasons since 1985 – the dreadful post-recession retail performance in 1991, and last year as the economy spiraled down in the latest recession. Click here for a PDF with charts and...Full Story
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