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Whether its Gray Thursday, Black Friday, Small Business Saturday or upcoming Cyber Monday the holiday shopping season is in full swing. New reports suggest that more Americans feel the economy is improving now more than any other time in the last decade, despite high unemployment rates. Gallup polling suggests this Christmas spending is surging after a three year slump. Is there another factor at play here or is this a disconnect between perception and reality? Ed Butowsky, wealth manager, financial advisor, and managing partner of Chapwood Investment Management, joins Fox News to discuss the reality behind the increase spending by Americans regardless of the high unemployment rate.
Ed Butowsky is the managing partner of Chapwood Investment Management and is an internationally recognized expert in the investment wealth management industry. Ed is also a frequent guest on other networks such as CNN, NBC, ABC, Fox News, Fox Business, and Bloomberg to name a few.
Tags: black friday, Christmas spending, cyber monday, economy, financial advisor, fox news, gray thursday, high unemployment, small business saturday, wealth manager