Consumers scrimp amid meltdown

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Consumers hit hard by the financial crisis are putting off big purchases, trading down, and scrimping. Holiday shopping is expected to grow at half the average pace of the past ten years.Fred Katayama reports from Watchung, New Jersey.SOUNDBITES: Beverly Tarbous, retiree Connie Romano, job seeker Furniture salesman Gregory Lindner Vice President Ellen Davis, National Retail Federation

Tags: consumers, financial crisis, holiday shopping

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