Low holiday spending due to economic worries


Americans won't be spending as much this holiday season due to continued worry about their finances, according to new research. The Discover Spending Monitor found that 56% of Americans rated the economy as "poor" in October, a 4% increase over September. In addition, 46% said the economy is getting worse, a 3% increase over September.

Overall, women are more worried about the economy than men. In October, the percentage of women who rated the economy as "poor" shot up by nine points to 58%, while the number of men calling the economy poor actually dropped from 54% in September to 53% in October.