This year’s frigid economic climate may have Santa’s sleigh on the skids come December…with soaring crude oil prices, a dismal housing market, and the credit crunch, only 37.3% say they are very confident/confident in chances for a strong economy, down more than seven points from October’s 44.8% and a whopping 13 points from ’06 (50.3%).
Thankful thoughts and the jolly holiday spirit generally lift consumer sentiment in Q4, but this is the first time in recent years this figure has declined from October to November.
ON THE LIGHTER SIDE...What's Hot and What's Not: Stumped about what to get that special someone, but have a large wad of cash in your pocket? Check out your local electronics department, as more than three in four (77.3%) contend that HDTVs are what’s hot this month…online holiday shopping (favored among 71.7%) follows. Black Friday Shopping and MySpace are preferred among the younger set, while those 35+ are more likely root for the Boston Red Sox.
What’s Not? More than 80% indicate that they won’t take a walk on the wild side with leopard print. (duh!)