More Consumers Plan to Cut Holiday Spending This Year
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‘X-factor’ for the impact of state of the economy on consumer spending.
Almost 50 percent of consumers told NPD that the ‘state of the economy’ will have a significant effect on their holiday spending. “Will the economy force the consumer to dip into savings or just cut down those on the list? Perhaps if you are an in-law, you might just find yourself getting a card rather than the gift this year,” says Cohen.
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- People:
- Beth Boyle
- Cohen
- Places:
- N.Y.
- PORT WASHINGTON
- U.S.
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