There has been a slow, steady shift in consumer sentiment towards...
There has been a slow, steady shift in consumer sentiment towards debt since the beginning of the year. For quite some time, many were debating whether it was even happening. At Thanksgiving, the first real hints of what was coming could be found in poor turnout for pre-Christmas sales. Still, most assumed consumers would come through at Christmas like 'they always do'. Except this time they didn't. Christmas Retail Sales Disappointed in spite of bigger than ever discounts. After Christmas sales disappointed as well. Consumers Are RetrenchingIt's now clear to everyone that Consumers Are Retrenching As The Economy Weakens.
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