Posted 11/28/2023, 2:00:00 PM
Consumers Cautious About Spending This Holiday Season Despite Better Black Friday Deals
- Prices of some goods like eggs and gas are decreasing compared to last year, meaning Black Friday deals will be better in 2022
- However, consumers are reluctant to spend due to high inflation over the past year and a slower job market
- Retailers like Walmart predict deflation in coming months as they lower prices to stimulate customers
- Holiday shopping this season is expected to have the slowest growth rate since 2018
- Shoppers are still unhappy with the economy and inflation, as prices remain higher than pre-pandemic levels in 2019