For the first time in 17 years, retail sales have dropped for three months straight. Both for households and individuals, the trend might be good news: Many economists and consumer advocates have, for years, encouraged low- and middle-income people to pay down debts and save for stable futures. Full Story »
Posted by Derek Hawkins
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Here's a quote that (IMO) sums up the article as well as stating the feelings of many of "us consumers": “A recent report on retail sales shows a strong beginning to the holiday shopping season across the country,” Bush said, “and I encourage you all to go shopping more.” Messages like those have confused consumers — not sure if they should save for the sake of their families or spend for the sake of U.S. economy." As if many people had money to spend now.
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