The Independent

Retailers offer big deals for Black Friday but will shoppers spend?

Source: Copyright 2023 The Associated Press. All rights reserved.

Expect big discounts and other enticements to lure shoppers to stores for Black Friday. But retailers worry those may not be enough.

Consumers are coming under pressure as their savings dwindle and their credit card debt grows. And although they have gotten some relief from easing inflation, many goods and services like meat and rent are still far higher than they were just three years ago.

Barbara Lindquist, 85, from Hawthorne Woods, , said she and her husband plan to spend about $1,000 for holiday gifts for her three adult children, 13 grandchildren and three great-grandchildren. That’s about the same as last year.

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