Report: Ho-hum holiday sales as consumers remain cautious


Early data from MasterCard Advisors SpendingPulse shows 2012 holiday spending nationwide was up less than a percent compared to last year, International Business Times reports.

Anne McCarthy, Dean of Hamline University's School of Business, told KARE 11, "Worry about the economy, worry about jobs and we've become more frugal, don't you think, over the past four years? We're just a bit more like my grandparents' generation, ones that lived through the depression." She also says people are also worried about the looming impact of the so-called "fiscal cliff" and job security.

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