Record breaking retail sales this ‘Black Friday’ and ‘Cyber Monday’ as both days had online sales increase from last year by seven to ten percent but those numbers are expected to shrink during the holiday season. Sales growth for the rest of the rest of the holidays is predicted drop nearly three percent from last year. Shoppers, mostly unhappy with the deals offered, seem to be using more credit as the ninety-day credit card delinquency rate is on the rise as well as the use of ‘Buy Now, Pay Later’ programs.
FOX’s John Saucier speaks with Grady Trimble, FOX Business Network correspondent, about the lackluster deal days and how Americans are racking up spending debt at historic levels.
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