"Fiscal cliff" steepest for low-income consumers

12/9/2012 | Wall Street Journal, The

Low-income consumers and the retailers that serve them are likely to take the biggest hit if the 2010 payroll tax cuts are allowed to expire, say analysts and retail executives. Dollar stores could see same-store sales drop 1% to 2% as discretionary spending drops 6% for those making less than $40,000, according to Morgan Stanley.

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Wall Street Journal, The

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