Holiday Spending: Why Waiting for Bargains Pays Off
TL;DR Summary
The upcoming Christmas season is expected to have dismal sales, with early signs indicating a weaker holiday season compared to the past three years. The National Retail Federation predicts a slower pace of sales growth, and some forecasts even expect no growth in holiday spending when inflation is taken into account. Businesses are importing less, and railroad operators are receiving fewer loads, indicating a decline in imports. Shoppers can expect more discounts closer to Christmas, and the availability of holiday jobs is lower than pre-pandemic levels. Additionally, Americans are in a sour mood despite the allegedly strong economy.
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