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Were those hordes of people descending on the shopping malls Friday at the ridiculous hours of 2 or 3 in the morning actually saving money? They seemed to think so, or they wouldn’t have put themselves through all that misery.
I watched the evening news showing lines of people with shopping carts piled high after a tough day of shopping. Most of them looked exhausted, but were smiling as they shared with each other about how much money they had saved.
According to reporters’ estimates, the American people spent more than 20 billion dollars on Black Friday. That is quite a chunk of money, but I couldn’t help wondering how much of that 20 billion dollars was added to already over-taxed credit cards.
Everyone I talked to today that had spent money on Black Friday sales admitted that they had spent money they did not have; money that they would be paying back—-with interest—-for the next 12-18 months. I wonder how much they will really save after the interest for their “bargains” is added to the price tag?
Something for us all to think about next year.
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