Reported 11 days ago
Economist Lauren Saidel-Baker from ITR Economics indicates that consumer spending is expected to rise by 3.3% this holiday season, despite inflation concerns. As retailers start holiday promotions earlier, there has been an increase in shopping activity, particularly in October. Saidel-Baker notes that discretionary spending varies greatly among income levels and is generally stronger among homeowners, suggesting a stable consumer base overall.
Source: YAHOO