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Black Friday and Cyber Monday are an Economic Fail

BLACK FRIDAY&CYBER MONDAY ECONOMIC FAIL Is saving money putting America in the red? 1. People are Broke and they were just waiting for sales and are dipping into savings or worse yet, racking up credit card balances. 2. People are Buying for Themselves While saving money on holiday gifts seems to be a good idea, it seems that people were spending for themselves. 3. No Tax Rebates to Stimulate Spending the Obama administration hasn't done anything to alleviate spending, as it's the first year with no tax rebate checks in a while. $11.4 BILLION THAT'S 6.6% HIGHER THAN 2010 BLACK FRIDAY according to ShopperTrak 2011 BLACK FRIDAY ESTIMATED TOTAL SALES THANKSGIVING-DAY ONLINE SALES 2011 BLACK FRIDAY FOOT TRAFFIC at malls increased by an impressive 5.1% HOW DO PEOPLE PAY ONLINE? totaled $479 million this year. that's up 18% from 2010 Thanksgiving e-commerce tally. 2% 63% OVER THE NEXT FIVE YEARS credit card use for online purchases is expected to rise by 63%, compared to an increase of just 2% for debit cards. 42 OF PROJECTED- CREDIT CARD DEBIT CARD AMERICANS (including 49% of parents) intend to spend less than last year on holiday purchases. only 10% plan on spending more. usage increase usage increase PERCENT According to the National Retail Federation During the 2011 Thanksgiving holiday, shoppers spent an average of 30% more than they did in 2010. Did you know CONSUMER SPENDING Although Black Friday was the biggest on record, analysts cautioned that it was too soon to tell whether the momentum would carry through to the rest of the holiday season, a make-or-break period for many retailers, who often generate 25% to 40% of their annual sales during the last two months of the year. accounts for 70% of the economy? 5 RECESSION PROOF HOLIDAY GIFT CARD IDEAS 1. TAKE THEM TO THE MOVIES A gift card to the movies, or consider two major online movie services, Netflix and Blockbuster, offer gift subscriptions that will keep recipients in movies for months. GIFT CARDS ARE HOT THEATRES 1. Movie Gift Card 2. EASE PAIN AT THE PUMP Gas gift cards or an oil change will all help ease the pain at the pump this holiday season. $100 $25 3. TREAT THEM TO COFFEE TARE AMERCAN .EXPRESS You can help your loved ones regain that "java de vivre" with a gift card to their favorite coffee shop. American Express Gift Card Starbucks Gift dard 4. LET THEM GO OUT TO EAT 2. Gas Gift Card 3. Coffee Gift Card For those who've cut back on dining out, a gift certificate to their favorite restaurant may be in order. Gift cards for restaurants are projected to be the top type of gift card this holiday season. RESTAURANT.COM $50 amazon.com. 5. LET THEM RELAX FOR A WHILE Don't let your loved one go unpampered -- buck the trend and get her an hour at her favorite spa or a massage therapist. Gift certificates for manicures and pedicures make perfect, inex- pensive presents. RESTAURANT.COM Amazon Gift Card 4. Restaurant Gift Cards 5. Relaxing Gift Card http://www.bankrate.com/finance/personal-finance/12-recession-proof-holiday-gifts-1.aspx presented by YOUNEVERLOSE.COM All of the fun. None of the risk. Save up to 95% off on gift cards. YOUNEVERLOSE.COM

Black Friday and Cyber Monday are an Economic Fail

shared by NowSourcing on Dec 25
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This is not the season for extravagant gifts, and the idea that such things will stimulate the economy may only make you more broke. Our new infographic explores why holiday shopping isn’t doing the...

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