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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 02:00 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.
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