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A new trend for U.S. household spending

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  • Yang Liu

Abstract

Holiday sales are expected to be weak again this year even though the economy and financial markets are improving. Shoppers are especially reluctant to use credit cards for holiday purchases. According to the National Retail Federation's 2009 Consumer Intentions and Action Survey, only 28.3 percent of holiday shoppers will use credit cards; this is 10.6 percent lower than one year ago. Why are shoppers so hesitant to use their credit cards this year? Many factors are involved. Read the January 2010 Newsletter for the answers.

Suggested Citation

  • Yang Liu, 2010. "A new trend for U.S. household spending," Liber8 Economic Information Newsletter, Federal Reserve Bank of St. Louis, issue January.
    • Handle: RePEc:fip:fedlli:y:2010:i:january
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    File URL: https://research.stlouisfed.org/publications/page1-econ/2010/01/01/a-new-trend-for-u-s-household-spending/
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    File URL: https://files.stlouisfed.org/files/htdocs/pageone-economics/uploads/newsletter/2010/201001.pdf
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    Keywords

    Consumer behavior; Households - Finance;

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