PALMETTO STATE RESIDENTS UNLIKELY TO SPEND MORE MONEY THIS YEAR
According to the data, 56.7 percent of survey respondents said they would be spending “about the same” amount of money on holiday gifts this year. Meanwhile 26.2 percent said they would be spending less compared to only 15.9 percent who said they would be spending more.
Breaking those numbers down by intensity, 11.6 percent of respondents said their holiday spending would be “significantly lower” – more than twice the 5.7 percent who indicated their spending would be “significantly higher.”
Nationally, retail spending during the months of November and December is projected to climb by 4.1 percent this year … although economic forecasters are already warning of the ill effects of a massive cold front that’s dumped several feet of snow across the Northern United States.
And while there’s been no snow associated with this system in South Carolina, the Palmetto State saw its earliest recorded snowfall two-and-a-half weeks ago.
Winthrop surveyed 852 South Carolina residents using landlines and cell phones between November 9-16. Its poll has a margin of error of plus or minus 3.4 percentage points.
We’ll have more data from the survey soon …