Small Businesses in DMV Feel the Squeeze: How Shoppers Can Help
Federal layoffs and economic uncertainty have hit small businesses hard.
This year's Small Business Saturday is more crucial than ever. These businesses need support to stay afloat.
Tariffs Add to the Problems
Big stores can handle extra costs, but small shops can't. This means prices might go up for shoppers.
Government Shutdown Changes Shopping Habits
More shoppers are looking for deals and using coupons. A report shows that spending is expected to drop, especially for families with lower incomes.
Even though more people might visit stores on big sale days, they have less money to spend.
Discounts Aren't the Same This Year
Clothes and electronics might not be as discounted because of tariffs. Jewelry prices are also up due to higher gold and silver costs. But many stores are trying to offer better deals to meet shoppers' needs.
Holiday Spending Expected to Rise, but Debt Could Follow
Many people will use credit to afford holiday spending. This could lead to more debt. Some families are already using credit cards to pay for basics like food and bills.
Give Back While You Shop
As people shop for the holidays, they can also help others. The Toys for Tots drive is a great way to give back. There are several drop-off locations, including a big event at the U. S. Marine Corps War Memorial.