Over Half Intend to Spend Less This Year Than Last on Holiday Gifts
Americans plan to cut back drastically on holiday spending this year, a dismal prospect for retailers in their most critical season.
Fifty-one percent in this ABC News poll say they'll spend less this year than last on holiday gifts, matching the sharpest consumer retreat in polls dating back 23 years -- last seen ahead of the dreadful Christmas retail performance just after the 1990-91 recession.
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More, 68 percent, say... Full Story
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