Summary
Holiday spending reached the highest level on record last year, but that news isn't as good as it sounds.
The $462 billion in holiday spending reported by a trade group on Friday handily tops the $453 billion peak reached in 2007, before the economy took a nosedive. Take a closer look, though, and you'll find these figures don't tell the whole story.See the full content of this document
Extract
Holiday Spending 'Record' Deceptive
Just because Americans spent more this holiday season doesn't mean they bought more. That ...
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