In response to:

Gallup Reports Upper-Income Spending Worst November Ever

george33 Wrote: Dec 10, 2012 8:14 PM
This belies the "Fair Tax" folks' assumption that the rich are going to continue spending regardless of the economy. People at all levels reduce discretionary spending in a pinch, and the rich have more discretionary money to spend - or not. The poor spend all the get just to survive, and the middle class somewhere in between. So sales taxes hit the poor the most, middle class next, then the rich. The poor will get government (taxpayer) help, the rich don't need help - and the rest of us get screwed.

With the generally upbeat spending reports on black Friday and cyber-Monday, Gallup paints a different point of view in its most recent poll that shows U.S. Consumer Spending Holds Steady, Consistent With 2011

Americans' self-reported daily spending averaged $73 in November, essentially on par with September and October. It is also similar to the $71 Americans spent last November and slightly higher compared with November 2010 and 2009 -- but still much lower than in November 2008.

November 2012 vs. November Prior Years