Did the fiscal cliff impact holiday shopping?
One expert believes that fiscal cliff fears may have negatively impacted holiday shopping.
Thu, Dec 27 2012 at 2:00 PM
The big holiday shopping season is over and although hopes were high going into the holidays, spendig seemed to fizzle out near the end and the fiscal cliff
fears may be partially to blame. Originally, analysts expected a 3.3 percent increase in holiday spending this year but it looks like that number is going to fall somewhere between 2 and 3 percent. Analyst Eric Beder thinks that the fiscal cliff uncertainty actually caused shoppers to cut back on their spending.
The opinions expressed by MNN Bloggers and those providing comments are theirs alone, and do not reflect the opinions of MNN.com. While we have reviewed their content to make sure it complies with our Terms and Conditions, MNN is not responsible for the accuracy of any of their information.