The holiday shopping season doesn't end at Christmas anymore - it runs through January, when all those gift cards are spent. And looking at that entire period, Chapman University Economist Esmael Adibi says this year could be a very good one in California:
Adibi: "I think we're gonna do
better than last year by about four percent. And you might
ask why - I mean, with all the uncertainty and worry out
there. There are a number of reasons."
Stronger job creation, lower gas prices, a decent year for the stock market … and for homeowners, an improving housing market.
Adibi: "Homes are their biggest
investment, and as they see stability there, although they don't
have access to the money - you know, they're not selling their
homes - but they feel better."
And that, Adibi says, helps consumer confidence.