Today I present highlights from two separate articles published this month. I’ll let you draw your own conclusions.
Was Christmas merrier-than-expected for retailers?
December 26, 2013
Sales during the 2013 U.S. holiday season grew from a year earlier as retailers used higher discounts and promotions to attract customers in a season with fewer shopping days, according to MasterCard Advisors.
Total retail spending rose 3.5 percent, MasterCard Advisors said.
The National Retail Federation in October forecast sales for the months of November and December to marginally increase 3.9 percent to $602.1 billion, from 2012’s actual 3.5 percent growth.
LA Times Business
Most U.S. workers unprepared to meet retirement expenses, survey says By Stuart Pfeifer
December 4, 2013
More than half of U.S. workers aren’t saving enough money to be able to cover essential living expenses in retirement, according to a survey by Fidelity Investments.
The savings survey found that 55% of people will have trouble covering housing, healthcare and food expenses, Fidelity said. The online survey of 2,200 households, performed from June through October, measured whether workers were on track to cover their estimated post-retirement expenses.
Thursday = no-spend day #7