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Holiday Shopping Forecast Reflects Tight Finances

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Holiday Shopping Forecast Reflects Tight Finances

Economy

Holiday Shopping Forecast Reflects Tight Finances

Holiday Shopping Forecast Reflects Tight Finances

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  • <iframe src="https://www.npr.org/player/embed/16523621/16526192" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
  • Transcript

Forecasts of the holiday shopping season have been less than reliable in the past, but economists and retail groups keep issuing them anyway.

This year, the forecast sounds familiar: high gasoline prices and the housing slump will mean an anemic shopping season. Is this the year the forecast may be right?