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

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.

Author: Mitch Ratcliffe

Mitch Ratcliffe is a veteran entrepreneur, journalist and business model hacker. He operates this site, which is a collection of the blogs he's published over the years, as well as an archive of his professional publishing record. As always, this is a work in progress. Such is life.