There seem to be some conflicting reports over what is going to happen this year with Christmas/Holiday spending. The standard line is that spending is going to be down (perhaps way down) due to consumer fears over a sagging economy.
But other reports hint at online spending being equal to last year.
Personally I have wondered about the degree to which some people seem to be cutting back this year. I’m quite glad to see people no longer spending themselves into debt but the pendulum seems to have swung too far the other way this time.
While certainly times are tight, for most of us our income and expenses this year are about the same as last year. Given that I personally plan to spend about the same as I did last year (though I did cut back a few years ago when I shifted from giving gifts to making donations to charity).
So what say you ?
Will you spend the same this year or will you cut back ? If you plan to cut back is it based on actual circumstances (IE less income/more expenses) or is it based on concerns about the future ?
I would love to hear what you all have to say