Consumers Spend More Despite Looming Fiscal Cliff - WBOC-TV 16, Delmarvas News Leader, FOX 21 -

Consumers Spend More Despite Looming Fiscal Cliff

Posted: Updated:
(Photo: WBOC) (Photo: WBOC)

DOVER, Del.- It was Christmas Eve and stores like Sears in Dover were packed with shoppers.

"I didn't think it was going to be this many last minute shoppers," said Imoni Hill of Dover.

Assistant store manager Keith Markowitz said shoppers have been flooding the store all day.   

By 7:30, quarter of eight, we've had people all over the store today. People are shopping in our apparel department, kids, men's, footwear is absolutely going crazy today," said Markowitz.

According to the National Retail Federation, nearly 37 percent of shoppers say they did their shopping online. Eight percent took advantage of "layaway programs" this holiday season due to the state of the economy.

Nearly 49 percent of shoppers polled say the state of the U.S. economy will affect their spending plans. Of those impacted, nearly 47 percent of people polled say they will shop for sales more often.

Those sales seem to be drawing customers in despite the impending fiscal cliff. If Congress can't agree on a plan by the end of the year, automatic tax increases and deep spending cuts will be felt by every American.

As consumers head to stores to get those last minute Christmas items, many consumers say their not concerned with the looming fiscal cliff.

Many shoppers like Susanne Shively say staying on budget is key.

"I've never made it a point to go into debt for a holiday, whether if it's a birthday or Christmas or any other holiday. I plan ahead," said Shively who was shopping at Sears in Dover.

Others say they're being cautious.

"Always have a plan for your life so that when things like this happen, you're not easily taken aback by them," said Brenda Whitehurst, who was also shopping at Sears in Dover.

Whitehurst and others say having a plan and a budget are what's getting them through to find those last minute gifts for Christmas.

 

 

  • Most Popular StoriesMost Popular StoriesMore>>

  • Local Fans React to Cape-Smyrna "Basketbrawl"

    Local Fans React to Cape-Smyrna "Basketbrawl"

    Feb 23, 2018 10:21 PM2018-02-24 03:21:00 GMT
    Friday, February 23 2018 10:22 PM EST2018-02-24 03:22:26 GMT
    DOVER, Del.- After a fight broke out at a high school basketball game on Thursday night, local fans were shocked that violence ensued during a playoff match-up. The fight broke out before the conference game between Cape Henlopen and Smyrna finished at MiMore
    After a fight broke out at a high school basketball game on Thursday night, local fans were shocked that violence ensued during a playoff match-up. More
  • Man Pleads Guilty in 2017 Laurel Murder

    Man Pleads Guilty in 2017 Laurel Murder

    Feb 23, 2018 2:53 PM2018-02-23 19:53:00 GMT
    Friday, February 23 2018 3:42 PM EST2018-02-23 20:42:59 GMT
    Stephon JacksonStephon Jackson
    Stephon JacksonStephon Jackson
    A 19-year-old Laurel man faces up to 105 years in prison after pleading guilty to a 2017 shooting that left an 18-year-old man dead.More
    A 19-year-old Laurel man faces up to 105 years in prison after pleading guilty to a 2017 shooting that left an 18-year-old man dead.More
  • Hebron Man Assaults Deputy, Sheriff's Say

    Hebron Man Assaults Deputy, Sheriff's Say

    Feb 23, 2018 6:17 PM2018-02-23 23:17:00 GMT
    Friday, February 23 2018 6:17 PM EST2018-02-23 23:17:38 GMT
    A Hebron man faces assault charges after he allegedly attacked a Wicomico County Sheriff’s deputy while being arrested for drug possession among other illegal activity.More
    A Hebron man faces assault charges after he allegedly attacked a Wicomico County Sheriff’s deputy while being arrested for drug possession among other illegal activity.More
Powered by Frankly

All content © Copyright 2000 - 2018 WBOC. All Rights Reserved. For more information on this site, please read our Privacy Policy, and Terms of Service, and Ad Choices