Due to the recession, households have been holding back on spending. A weak job market has made people afraid to spend; a weak housing market has made many people feel less wealthy and therefore reluctant to spend, and with the recent increase in gas prices consumers don't have the money to spend on other things. The National Foundation for Credit Counseling conducted a poll; 66% of respondents said they were suffering from "frugal fatigue." Retail therapy, here we come...
CategoriesCredit & Debt