The holidays are coming and experts say Americans will be opening their wallets

Published On Nov 17, 2024, 9:48 AM

Experts predict Americans will spend more on holiday shopping this year, based on various consumer surveys indicating a positive outlook. Surveys reveal that a significant portion of consumers intends to increase their holiday spending by an average of 7% compared to last year. Key findings include a rise in average spending per person and strong consumer sentiment supported by solid household finances, despite concerns about inflation. Overall, consumer spending is projected to reach record levels this holiday season, driven by factors such as improving economic conditions and higher disposable incomes.