Black Friday and Consumer Spending

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Sat, Nov 29 - 10:32 am EDT | 6 years ago by
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I admit it: I did go out yesterday. But (hear the self-justifying note in my voice) it was only because my parents were down for Thanksgiving and my mom wanted to have some mother-daughter bonding and get presents for my dad at the same time. I only spent $25 on presents for a less-fortunate family whose kids my mom teaches in rural Idaho. Besides, we missed the fanatics by only going to a couple of stores between 8 and 11 a.m. Before this year, I’ve only been out on Black Friday once in my life, years and years ago.

That was enough.

This year, it appears that others feel that we’ve had enough of Black Friday as well. Some people consciously choose to stay home — 8 million of them (according to the Huffington Post) are people who did the Black Friday thing last year but have had a change of heart. And that may affect the stock market on Monday.

The preliminaries are in, and it appears as though consumer spending on Black Friday is down. The crowds of people aren’t much lower, but penny-pinching is “in.” Unfortunately, the crazy, animal behavior that Black Friday is so famous for remains. You’ve probably already heard about the trampled people and those shot arguing over a toy. A toy. And this year, there was extra incentive for the doorbusters because, otherwise, how will that flat screen TV or laptop or other hot item that is *needed* be affordable in this economy?

I’m glad that I didn’t see any bad behavior in my two Black Friday excursions. For the most part, I just saw people trying to get deals and getting their shopping done en masse. Most people were considerate, and we “made friends” and joked while on line. I know this isn’t the case everywhere. And it may not have been the case if we had sacrificed sleep for doorbusters at 4 a.m.

What have your Black Friday experiences been?

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  • http://freefrombroke.com FFB

    Honestly, after hosting Thanksgiving with the family I can’t imagine even having the energy to go out shopping the next day. I’d much rather wait till Cyber Monday for online deals though I probably won’t do that either (we try to keep it conservative with the gifts).

    It’s sad that “things” can drive people to kill or forget humanity. I know it’s a small percentage but it still reflects strongly on the attitude of Black Friday.

  • miranda

    I know. Where does all this energy come from? I do most of my shopping online as well.

  • http://www.holidayfastcash.com James

    This is just another example of how crazy people can become. There are always stories of what happens on black Friday. Last year someone was shot over a PS3. I think that because of the recession and the terrible crisis in the economy, we are all having a little bit tighter crunch in our wallets. This is a serious situation that really needs to be handled immediately.

  • miranda

    The economy may contribute to some of the crazy behavior, but mostly I think that this year it is more of an excuse. I think that what needs to be handled is ourselves. This is an excellent opportunity to look inward and decide whether consumerism, and an economy based on debt-fueled consumerism, is really in our collective best interest.