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IPFS News Link • Economy - Economics USA
Overall, that means that approximately $1.7 billion less was spent at U.S. retailers compared to last year. It had already been
projected that this holiday shopping season would be the worst for
retailers since 2009, but if these numbers are any indication it may be
even worse than expected. So why is this happening? Well, basically
the American consumer is tapped out. The unemployment crisis in this
country is actually getting worse, poverty is absolutely exploding and the middle class is being systematically eviscerated. In other words, you can't get blood out of a stone.
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