All Commentary
Tuesday, December 21, 2010

Christmas Spending Increased Over Last Year

“Consumers may be in a post-recession spending mood this Christmas season. Spending is up in all retail categories compared with last year, according to MasterCard Advisors’ SpendingPulse, which tracks spending on all transactions including cash. Analysts say the increase in personal savings and a decline in consumer debt are giving consumers more confidence than they had in recent years to spend on others and even themselves.” (Christian Science Monitor)

Consume and enjoy. (Just don’t expect it to fix the economy.)

FEE Timely Classic
“Consumption Can Drive Economic Growth? It Just Ain’t So” by Christopher Lingle