Concerns over Spending Slowdown on Black Friday

Black Friday is almost upon us, that's when retailers kick off the holiday season with offers to entice customers. As FOX 13 Tampa's Evyn Moon tells us, many of this year's top deals are online.with a bevy of discounts and other enticements. But executives are growing concerned with a spending slowdown that could temper sales on the day after Thanksgiving as well as throughout the holidays.

Shoppers, powered by a solid job market and steady wage growth, had demonstrated a resilience that confounded economists and ran counter to sour sentiments expressed in opinion polls. Such spending, while cautious, came despite higher prices in the grocery aisle and higher borrowing costs. But consumers are now coming under more pressure from dwindling savings, increased credit card debt and still stubborn inflation. In fact, shoppers cut their buying in October, ending six straight months of gains. Shoppers have gotten some relief from easing inflation, but many goods and services like meat and rent are still far higher than they were just three years ag

Black Friday Spending Slowdown Sales Holiday Season Shoppers Job Market Wage Growth Inflation Savings Credit Card Debt

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