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It all depends on how much consumers are willing or able to spend, and how much retailers are willing or able to discount. Some years the discounting is deeper, and this is expected to be one of those years. While disposable income rose last month, people put a little more of it into savings. The Bureau of Economic Analysis reported that consumer spending, while still growing, slowed down last month. So shoppers are being a bit more careful in how they spend this holiday season.
Aired November 29, 2024
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