I should probably do a Google Alert on Black Friday news items, but alas and again, I am lazy. And why I am up at this hour, I do not know. Anyway, here is an article by Ethan C. Nobles of FirstArkansasnews.net on how consumers are going to get through the holiday season. He cites a recent FICO survey on how people will shop this year:
* 40 percent say their biggest worry heading into 2011 is credit card debt.
* About half expect to charge an extra $100-$500 this season – and many will take up to six months to pay it off.
* Three-quarters of people are changing their holiday traditions because of the economy.
* Only 15 percent will pay cash for holiday shopping.
* Most have not made advance preparations for holiday bills.
Nobles considers these findings concerning, but I found the fact that "Three-quarters of people are changing their holiday traditions because of the economy" to be rather encouraging.
I'll be in and out throughout most of this Thanksgiving week - have to update on the kombucha! So much has happened! Please send me Black Friday stories, either first-hand accounts or news items from your neck of the woods - email@example.com.
I'll update if I can locate the link to the whole FICO survey.