Christmas Spending Projection Drops to 8 Year Low

Gallup reports that:

“Americans’ projected average Christmas spending this year, $616, is the lowest in Gallup’s 10-year history of tracking this question in its current format, and provides further evidence of the heavy toll the current economic turmoil is taking on America’s retailers.”


Longstanding readers know I don’t place a lot of stock in these surveys — Why? Because what people do, and what they SAY THEY THINK THEY ARE GOING TO DO¬† are often worlds apart.




Hat tip Economix

Christmas Spending Projection Drops to New Low
Projected shopping at department stores takes biggest hit
Frank Newport
Gallup, November 19, 2008

Print Friendly, PDF & Email

What's been said:

Discussions found on the web:

Posted Under