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October 22nd, 2008

60% of US consumers to reduce spending this holiday season

Posted by AM @ 11:14 am

Categories: Spending

Tags: Holiday Season, AM

53% of Americans surveyed by Deloitte expect the economy to weaken in 2009, compared with 43% of people who expressed that view in 2007. Almost 60% of US consumers said they would reduce spending this holiday season. Shoppers plan to spend about $532 on gifts, down 6.5% from 2007, and buy fewer items.

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