Americans face tough decisions with holiday spending in full swing
CBS America · Just In
CBS America
Just In
Economists say holiday spending is growing over last year, but at a slower pace. Americans are facing higher prices without seeing more in their paychecks and that's leading to tough decisions at the register.
Breakdown
- Federal Reserve meets to discuss a potential interest rate cut 3s
- Holiday spending grows but at a slower pace amid higher prices 21s
- 46% of Americans say cost of living is the worst they recall 46s
- Rising debt as consumers use credit to maintain spending 54s
- Gas prices fall below $3 for first time in over four years 2m 5s