Editorial: Holiday sales show consumers feeling stressed, losing confidence

Published by
Chicago Tribune

On the surface, the holiday retail season is off to a great start. Almost 200 million U.S. shoppers turned out in person and online from Thanksgiving Day to Cyber Monday, and holiday retail sales are expected to rise between 6% and 8% from last year to nearly a trillion dollars. Amazon reported its most successful launch of a holiday shopping season ever. It’s enough to make you think COVID-19 and the hard times that went along with it have disappeared for good, especially as the labor market remains tight, still pushing up wages. Recession? What recession? Dig a little deeper, though, and the…

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