Holiday Shoppers Rein in Spending
Survey by Duluth-based Georgia Credit Union Affiliates shows most Georgians plan to spend about the same or less on Christmas gifts.
Only 3.3 percent of Georgians are planning to spend more on gifts this holiday season, according to the latest poll from Duluth-based Georgia Credit Union Affiliates (GCUA). That means 96.7 percent of shoppers will be spending the same or less as in 2011. The survey also revealed: GCUA reported that retail sales for the holiday season are expected to grow 4.1 percent, less than the 5.6 percent increase experienced in 2011. Also, a survey conducted by American Express and the Harrison Group found that while the top 10 percent of the population will spend nearly 22 percent more on gifts than they did last year, overall gift giving is expected be down. Are you planning on spending more, less or about the same on Christmas gifts this year? …
