Ok, so I just wrote that article about using layaway and how people are using credit cards less than usual this Christmas shopping season. No sooner had I published the article than I found some cool, related stats on a study released today by the National Retail Federation.
They surveyed 8,758 consumers on their proposed holiday shopping habits and among other findings, they found that shoppers who will use credit cards as their primary method of paying for holiday gifts will fall when compared to a similar survey taken in 2007.
Yay for the American consumer public for finally getting it through their collective heads that credit is not the way to go. This has been a long time coming, although most people only finally saw the light this year before the presidential election and during the bank bailouts.