Edward Jones: Americans cautious about holiday spending

FALLBROOK – According to a recent survey* by financial services firm Edward Jones, some Americans are planning to hold on to their wallets this holiday season. In fact, 37 percent say

they plan to spend less on holiday shopping in 2013 than they spent in 2012, contrary to what Edward Jones’ retail analyst is anticipating: holiday sales to increase by about 2.8 percent.

“While we expect some sales growth in the retail market this holiday season, those polled expressed a conservative view on holiday spending,” said Brian Yarbrough, consumer discretionary analyst for Edward Jones.

“This dif...