Will The Holiday Shopping Season Be A Boom For Small Businesses?

Heading into the holiday season, small businesses aren't particularly optimistic about the outlook for the U.S. consumer. Their biggest worry isn't taxes or insurance costs, but poor sales, according to a report from the New America Foundation. Taxes may make up 21 percent of small business worries, but weak sales make up a shocking 31 percent. That leaves every other concern in the dust. U.S. consumers have been deleveraging, rather than spending. That means instead of increasing their debt through new credit cards or by tapping their home equity line of credit, consumers are paying their bills and trying to do it at a faster rates.

Provided by: American Express Topic: Big Data Date Added: Nov 2010 Format: HTML

Find By Topic