Holiday Spending Plans Plummet, Signaling Dismal Retail Season

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. Click here for PDF of analysis with charts and full questionnaire. More, 68 percent, say...Full Story
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