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Holiday Spending: ‘Careful and Controlled’

Consumers are cautious, says Accenture

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By: TOM BRANNA

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Seventy-two percent of U.S. consumers expect their holiday spending to be”careful” or “controlled” in 2011, according to Accenture’sannual consumer holiday shopping study. While 88% of shoppers intend to spend the same or less than last year, 71% of those respondents earning more than $100,000 expect to spend over $500 on gifts this holiday season, indicating that high-income shoppers may provide a boost to retailers this season. “This holiday season will see the balan...

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