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originally posted by: ~Lucidity
a reply to: marg6043
Hasn't it been steadily coming down though? This isn't new news. And we didn't expect things to turn around on a dime. It took us the better part of a decade to get into this deep a pit; it'll take time to crawl out.
According to the Prosper Spending Score, the overall outlook* for holiday gift spending in 2014 is up more than 8% from last year. While celebrants planning to spend more on gifts are relatively stable year-over-year at 9.1%, those budgeting less for gifts dropped 11% from 2013 to 38.0%. The majority of consumers (52.9%) are planning to keep budgets in line with the previous year. Directionally speaking, our preliminary Spending Score has served as a relatively accurate bellwether for consumers’ holiday intentions
originally posted by: pexx421
Things are getting better? They have been telling us that every single month since late 2008.
originally posted by: eManym
Its the US's $10 per hour recovery.