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Holiday spending in decline this year

03:48
Shoppers carry bags down Fifth Avenue. (Julia Nikhinson/AP)
Shoppers carry bags down Fifth Avenue. (Julia Nikhinson/AP)

Despite industry projections to the contrary, there's evidence that consumers may be tapping the brakes on holiday spending.

CBS News business analyst Jill Schlesinger explains why that matters for the economy and gives some tips on how to navigate the sales season.

This segment aired on November 20, 2023.

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