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
Invasive lionfish have devastating effects on native species and ecosystems in the Western Atlantic Ocean and Caribbean Sea, but robotic technology offers a new way to stem their spread. Continue readingArts & CultureEconomicsHealthScienceU.S.UncategorizedWorld
The third party candidate Dr. Jill Stein of the Green Party says she remains the only candidate in the presidential race who is not corrupted by lobbyists’ money, corporate money or super PACs. Continue readingArts & CultureEconomicsHealthScienceU.S.UncategorizedWorld
The large disparity in campaign spending between presidential nominees Hillary Clinton and Donald Trump highlights the differences between the candidates’ campaign strategies.Arts & CultureEconomicsHealthScienceU.S.UncategorizedWorld
The first-ever Refugee Olympic Team competed in Rio de Janeiro during the 2016 Summer Olympic Games. Continue readingArts & CultureEconomicsHealthScienceU.S.UncategorizedWorld
July was recorded as the planet’s hottest month since records began more than 100 years ago, prompting some to question the influence of climate change will have on weather. Continue readingArts & CultureEconomicsHealthScienceU.S.UncategorizedWorld