Our family agreed to forego Christmas shopping this year. It's stressful, it's a hassle, and Chirstmas is for kids. None of us have kids. So I liked the idea.
Up until one member of the family caved in. Then of course we all caved in. But mostly we gave retailers the middle finger.
Christmas sales are less than 4% of our nation GDP- yet to hear economists talk about it- our entire economic future hangs in the balance.
Of course this is bullshit and as I shopped this year- I could tell that there were far less shoppers at the mall. The Boise mall is a ginormous draw- not just in Boise- but within a 200 mile radius.
I didn't see the kind of traffic that I did pre 2008 or even last year. I also believe people have less disposable cash and that savings are falling in sync with buying power. The problem with the business class and government is that they have pillaged the village. Paying sweatshop wages and then expecting double digit sales increases while counterfeiting our currency- year over year- is complete fantasy.
That and tax burdens just keep rising. Forget the national tax debate. Local taxes, property taxes, utilities- those costs just keep going up.
Not surprised to see holiday sales disappoint. http://money.msn.com/business-news/article.aspx?feed=AP&date=20121226&id=15936783
A lot of cash changing hands- but only among family members. I see that trend continuing.