Holiday Shopping Spending in 2010
Topic of Debate
Are you spending more, less or the same amount of money for gifts this holiday shopping season versus last year?
There are a plethora of reports littering the pages of major publishers these days offering varying views of the health of this year's holiday shopping season. We suspect spending is down this year, considering the length of time too many of us have been unemployed or underemployed. Yet, we find retail stocks surging today on a report of strong same-store sales (be sure to see the article that follows this though, since we debunk that deceptive data).
The National Retail Federation Survey released in the middle of the December noted that 62% of adults surveyed said they would spend the same amount of money or more this year than they did in 2009. Looking at this same data from another perspective, perhaps 38% of those surveyed are going to spend less money this year, and this seems to be more important for retailers, in our view.
We thought we might take this opportunity to survey our readers and ask:
How is Your Holiday Shopping Spending Shaping Up in 2010?
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Please see our disclosures at the Wall Street Greek website and author bio pages found there. This article and website in no way offers or represents financial or investment advice. Information is provided for entertainment purposes only.
Labels: Consumer Spending, consumers, Debate Topics
posted by The Greek | 5:44 PM
4 Comments:
I'm spending slightly less on gifts, but.....I'm pulling the trigger on a bathroom remodeling job. So I'm doing my part to jump start the economy!
:-)
Out here in Seattle we are spending much more than last year, however the stores may just be pinning their wheels with 60 and 70% discounts.
The answer is "less". This is not so much a result of the current depression as it is a result of changing familial cirumstances. Additional responsibilities and a family illness required a reallocation of funds this past year. Despite less gift spending, I consider myself most fortunate to be in a position to take care of things. It may be tight, but remains "doable". Family is good health now and that is a great way to celebrate Christmas.
May you enjoy a Blessed and merry Christmas, with many blessings in 2011!
I love the name "WallStreet Greek!" Where do you go to church?
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