Reported 6 days ago
As the holiday season approaches, various surveys indicate that Americans are planning to spend more this year compared to 2023, with average holiday budgets projected to rise significantly. Notable estimates suggest consumers will spend an average of $1,063 on holiday-related purchases and that total consumer spending for the winter holidays may reach record levels, driven by improved economic sentiment and higher incomes. Despite concerns about inflation, a majority of consumers express a willingness to spend more, particularly on gifts and festive items.
Source: YAHOO