Retailers still rely on holiday sales, but not quite as much as they used to
Sales at many retailers spike during the year-end holiday season, but holiday sales overall are a bit less significant than they were two decades ago.
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As they continue to struggle with the effects of the Great Recession, most people in advanced economies are pessimistic about the financial prospects of the next generation. In contrast, emerging and developing nations are more optimistic that the next generation will have a higher standard of living.