Only half of Americans plan to spend as much this Christmas as last

<![CDATA[American Demographics reports that 53 percent of Americans are going to spend as much as they did the previous Christmas season. A third plan to spend less. I’ve been saying that the current factory orders and job growth is predicated on holiday activity and to be sustainable spending would have to increase in the run-up to Hanukkah and Christmas, otherwise business will simply shed these jobs and be stuck with excess inventory.]]>