Good News On Retail Front For Holidays

Holiday sales over the 2010 season were up more than 4% from last year to approximately $525 billion, as per estimates from the National Retail Federation. And online sales had even more impressive gains with $36 billion in sales for this year alone, which is up 15.4% over last year.

Yet even with the increase in spending over the holidays, in the past two years the savings rate of American’s has increased from a low of 1% to nearly 6%.

So it all goes to prove that even though the economy may be global, it really is just personal, meaning that whatever is happening to you financially is your life and it doesn’t matter what’s going on “out there”.

However, with “out there” doing better does that mean that more people are doing better individually….let’s hope so.

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