Consumer spending drops as anxiety sets in

By Annys Shin, Washington Post Staff Writer
November 27, 2008
The American consumer is scared stiff. New economic data show that last month consumers were not tempted by retailers offering deep discounts. They were not enticed by lower home prices. And even though falling gas prices made their wallets a little fatter, they held on to their newfound savings and put off buying big-ticket items such as autos and home appliances.

....Full story here...Washington Post