December drop in retail sales stokes fears of economic downturn

RETAIL SALES in December registered their worst performance in years during the peak holiday shopping season, according to a new Commerce Department report, which San Francisco firm Analyticom says coincides with an increase in the money anxiety index, which the firm developed to measure the public's level of financial anxiety. / BLOOMBERG NEWS FILE PHOTO/MICHAEL NAGLE
PROVIDENCE – A jarring drop in national retail sales in December coincided with an increase in the money anxiety index, which measures the public’s level of financial anxiety, according to the San Francisco-based firm that developed the index. After reaching a low of 43.2 in November, the money anxiety index rose 2.2 points in December…

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