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Holiday Spending Set To Hit 12-Year High Thanks To...Debt

Holiday Spending Set To Hit 12-Year High Thanks To...Debt

Even though consumer confidence cooled for a second straight month in November, CNBC is reporting that holiday spending for the average American household is on track to be the highest in 12 years.

Amazingly, the CNBC All-America Survey found that the average family will spend $900 for the first time in the 12-year history of the poll, eclipsing last year's estimate of $702 by a wide margin.

Christmas Column, 2017

Christmas Column, 2017

Dear Donors, thank you for your support in 2017. Although you have kept me working yet another year, I find it encouraging that there are some Americans who can think independently and who want to know. As Margaret Mead said, it only takes a few determined people to change the world. Perhaps some of you will be those people.

Who Feels the Tax Sting

Who Feels the Tax Sting

Now that the massive new tax bill has passed, I thought I'd do a little experiment with a spreadsheet to see how a hypothetical Silicon Valley, California earner might be affected. I was sure his tax bill would be higher, but I am surprised at how much higher.I wouldn't be surprised if some people decided not to stay in their homes since their tax bite is so substantial.

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