Holiday Shoppers Plan to Spend Nearly 10% Less This Year
Discover Card has released its annual Holiday Shopping Survey assessing consumer spending trends and gift intentions for the 2008 holiday season. According to the survey, "on average, shoppers expect to spend nearly 10 percent less this year than in 2007. More than half (55 percent) of respondents say they plan to cut back. Of these, 89 percent said the economy had an influence on their decision to do so."
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