Well, according to the National Retail Federation, Black Friday retail sales numbers stunk to high heaven.
Six million fewer Americans hit the stores, and spending
dropped 11% over last year. Since Thanksgiving, consumers spent $50.9
billion on stuff they may or may not need. That was down from $57.4
billion last year.
Online sales, meanwhile, were up 15% to $22.7 billion.
What's going on? More people have jobs, and lower gas prices
have put more coin in our pockets. And with the savings rate around 5%,
we have the loot. So why aren't we spending it? (more)
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