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Oct. 21, 2013: Consumers Seen Cautious for Holidays

A National Retail Federation survey of 6,415 consumers this month — at the start of the partial government shutdown — revealed that planned average spending on the upcoming winter holidays would be about $737.95, down 2% from a year ago. The average person also plans to do almost 40% of their shopping online this year, vs. 38.8% last year and the highest amount in the survey’s history.