Daily VideoDecember 23, 2011
Holiday Shopping Trends Reflect Income Inequality
Every year, analysts look at holiday season retail spending to gauge how well the national economy is doing and how much money people have in their pockets. This year, people have been spending money at both discount stores and high-end luxury stores, but not as much at middle-of-the-road retailers.
That doesn’t come as a surprise to many economists, who say people’s spending reflects the income inequality in the U.S.: many people near or below the poverty line, and an increasing number of super-wealthy individuals.
Dollar stores are doing very well in this economy and are catering more to what customers need, not what they want: food, basic beauty supplies and household cleaning products. Large retailers, on the other hand, are often consolidating their middle-of-the-road brands with their luxury brands to make sure they have plenty of options for high-end buyers.
Warm Up Questions
1. What are your favorite stores?
2. Why do economists focus so much on how much money people have spent over the holidays? Why is it important?
3. What do the terms ‘high-end’ and ‘low-end’ mean to you in terms of types of stores?
1. According to the video, how do shopping trends this holiday season reflect the current economic make-up of the U.S. population?
2. Where do you and your family shop for holiday gifts? Why?
3. Why do you think dollar stores are stocking more of things people need, and less of what they want?
Tooltip of related stories
Tooltip of more video block
Submit Your Student Voice
DOWNLOAD VIDEO The musician Troy Andrews, known as “Trombone Shorty,” started playing the trombone on…Arts & CultureEconomicsHealthScienceSocial StudiesU.S.UncategorizedWorld
The movie “Marshall” captures the iconic justice Thurgood Marshall in his youth before he became the first African American to serve on the U.S. Supreme Court. Continue readingArts & CultureEconomicsHealthScienceSocial StudiesU.S.UncategorizedWorld
In this PBS NewsHour Extra video lesson, learn how firefighters have been battling wildfires in California’s wine country in the deadliest week of wildfires in recorded state history. Continue readingArts & CultureEconomicsHealthScienceSocial StudiesU.S.UncategorizedWorld
Join PBS NewsHour for a Facebook Live on Wed., October 11th at 1 p.m. on how to talk to students about opioid addiction. We’ll take your questions LIVE on Facebook (enter in comments section and let us know your school and city/state) or tweet them to @NewsHour using #AskNewsHour. It’s important for teachers and students voices to be heard on this issue! Continue readingArts & CultureEconomicsHealthScienceSocial StudiesU.S.UncategorizedWorld
In this PBS NewsHour lesson, the question of how elected officials should react to mass shootings is examined. Continue readingArts & CultureEconomicsHealthScienceSocial StudiesU.S.UncategorizedWorld