Commentary

Deloitte: Shoppers Will Cut Holiday Spending By 10%

 

Deloitte’s latest holiday forecast is surprisingly bleak: Consumers in its survey plan to spend an average of $1,595 this season, a 10% drop from last year. And their outlook about the U.S. economy is the most pessimistic it’s been since 1997, with 77% expecting higher prices on holiday items …

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