Keep the Information Flowing
Small contributions go a long way. Your donation to Consumer Action, a 501 (c)(3) nonprofit, nonpartisan organization, can help us cover the cost of research, writing, and translation of our materials. To keep our services free for those who need them. Select an amount to give.
Released: November 16, 2011
Study reveals we’d rather buy iphones and video games
Source: Alice Hines, Daily Finance (Free Registration)
Though Americans aren’t buying homes, clothes, gas, or furniture, we haven’t stopped spending on gadgets, according to Tuesday’s retail sales report from the Department of Commerce.
Overall retail sales rose 0.6% in October, beating analysts’ estimates. Meanwhile, electronics and appliance store sales jumped 3.7%, the highest increase in two years. Last time there was a spike like that was November 2009, which benefited from a jolt from Black Friday and holiday shopping at the low-point of the recession.
Read Full Article: Study reveals we’d rather buy iphones and video games
Quick Menu
Support Consumer Action
Join Our Email List
Press Menu
Consumer Help Desk
- Help Desk
- Submit Your Complaints
- Frequently Asked Questions
- Links to Consumer Resources
- Consumer Service Guide (CSG)
- Alerts
- Consumer Booknotes