Newsletter
A new trend for U.S. household spending
Abstract: Holiday sales are expected to be weak again this year even though the economy and financial markets are improving. Shoppers are especially reluctant to use credit cards for holiday purchases. According to the National Retail Federation's 2009 Consumer Intentions and Action Survey, only 28.3 percent of holiday shoppers will use credit cards; this is 10.6 percent lower than one year ago. Why are shoppers so hesitant to use their credit cards this year? Many factors are involved. Read the January 2010 Newsletter for the answers.
Keywords: Consumer behavior; Households - Finance;
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Bibliographic Information
Provider: Federal Reserve Bank of St. Louis
Part of Series: Liber8 Economic Information Newsletter
Publication Date: 2010
Issue: January