Consumers cut spending for a sixth straight month in December and, heeding the impact of the recession-laden economy, boosted their savings rates to the highest level since May, according to the latest round of government reports.
By PBS NewsHour
Scores of shoppers began arriving at stores early Friday to grab deals on the traditional start of the Christmas shopping season. Many shoppers and retailers, however, remained cautious about holiday spending over concerns about the sluggish economy.
Question/Comment: Maybe 10 years ago I heard that cash was the costliest payment to exchange or process by a retailer. Also credit was costlier than debit for a retailer to have processed by a bank. Lately, I've heard just the…
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