How Cautious Will Consumers Be This Holiday?
Maybe it’s time to tighten the belt again?
Last week we posted a report that consumers are planning on spending less this holiday season. Now The Conference Board says consumer confidence has dropped in October, which means we may have an even bluer Christmas than expected.
Lynn Franco, director of The Conference Board Consumer Research Center, says labor market conditions are playing a major role in this grimmer assessment. Franco says the short-term outlook has also grown more negative: a greater proportion of consumers anticipate business and labor market conditions will worsen in the months ahead. more







