1. How The Economy Has Affected Holiday Spending
... made. And the crunch is perhaps brought even more sharply into focus during the holiday season, when the pressure to spend is at its highest. This year, predictions for holiday spending were very low, but analysts were surprised: Spending was actually even lower than expected. A division of MasterCard showed holiday spending this year was down by as much as 4% over the same ... more goods would be purchases once the taxes were applied again. However, the problem with this system is that consumers, hungry to go shopping again, could easily run up a considerable amount of debt, having the...
- Word Count: 431
- Approx Pages: 2
- Has Bibliography