ON WEDNESDAY, DECEMBER 9, 2008, THE ASSOCIATED PRESS-GIK POLL WAS RELEASED. THIS ARTICLE IS ABOUT THE RESULTS OF THAT POLL.
WHEN ASKED ABOUT HOW MUCH CHRISTMAS SHOPPERS WERE GOING TO SPEND COMPARED TO PREVIOUS YEARS, THE RESULTS WERE: LESS 53%, ABOUT THE SAME 40% AND MORE 7%.
ASKED ON HOW THE SHOPPERS PLANNED TO PAY FOR THEIR CHRISTMAS GIFTS, THE ANSWERS WERE, 77 % CASH AND 20% CREDIT CARDS.
DID THE SHOPPERS THINK IT WAS A GOOD OR BAD TIME TO INVEST IN REAL ESTATE. THE ANSWERS WERE: 56% GOOD TIME AND 37% BAD TIME.
ON THE QUESTION OF WHETHER IT IS A GOOD TIME TO INVEST IN THE STOCK MARKET, THE ANSWERS WERE: 58% BAD TIME AND 33% GOOD TIME.
AN INTERESTING FACT IS, THAT OF THE 20% OF SHOPPERS WHO ARE GOING TO USE CREDIT CARDS, TWO-THIRDS (67%) WILL PAY THE CHRISTMAS BILLS OFF WHEN THE BILLS COME IN.
IN NOVEMBER, RETAIL SALES DROPPED 2.7% COMPARED TO NOVEMBER A YEAR AGO.
TALKING ABOUT RETAIL'S PERFORMANCE IN NOVEMBER, A SURVEY BY GOLDMAN SACHS-INTERNATIONAL COUNCIL OF SHOPPING CENTERS SAID, IT WAS THE WORST SHOWING SINCE 1969 WHEN THEY FIRST STARTED THE INDEX.
IT SEEMS CHRISTMAS SHOPPERS ARE FEARFUL AND RELUCTANT TO SPEND MONEY FOR GIFTS FOR THEIR FAMILIES AND FRIENDS. HOW MUCH MORE ARE THEY AFRAID TO GO TO CASINOS AND GAMBLE ? WHAT DO YOU THINK?
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