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Three out of 10 Americans plan to spend less this holiday season, according to a survey by market researcher NPD Group.
That’s even worse than last year, which was the first full shopping season of the recession. Even though the stock market has improved in the past year, the job market has not.
Of the things people say they will buy this year, sweaters and other apparel get the most mentions. Fragrances and food also look to be more popular, while demand for toys and video games may falter.
