Holiday spending to rise as big earners spur uptick, analysts say

Nov 15, 2024 · The National Retail Federation has forecast holiday spending will grow between 2.5% and 3.5% over last year, equating to between $979.5 billion and $989 billion in total …

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Holiday Spending To Rise As Big Earners Spur Uptick, Analysts Say

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Nov 15, 2024 · The National Retail Federation has forecast holiday spending will grow between 2.5% and 3.5% over last year, equating to between $979.5 billion and $989 billion in total …

upi.com

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Holiday Shopping Surges, Flexing Strength Of US Economy

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2 days ago · The shopping surge was most pronounced online, where spending grew 6.7% compared to the same period last year, the data showed. While the overall spending reflects …

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The Holidays Are Coming And Experts Say Americans Will Be …

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Nov 17, 2024 · “According to The Conference Board Holiday Spending Survey, the average US consumer intends to spend $1,063 in nominal terms on holiday-related purchases in 2024, up …

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US Holiday Retail Sales Stronger Than Last Year, Mastercard Says

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2 days ago · According to a Mastercard SpendingPulse report, online spending during the holiday shopping period from Nov. 1 to Dec. 24 grew by 6.7% over last year, compared to a 2.9% …

reuters.com

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Holiday Shoppers Increased Spending By 3.8% Despite Higher Prices

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2 days ago · Holiday sales from the beginning of November through Christmas Eve climbed 3.8%, outpacing the 3.1% increase from a year earlier, according to Mastercard SpendingPulse, …

apnews.com

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PwC Expects 7% Bump In Average Holiday Spending, Increased …

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Oct 1, 2024 · Holiday spending is set to reach a record $1,638 per shopper this year, a 7% increase from last year and 15% above 2022, according to PwC’s outlook report. Consumers …

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Americans Ramped Up Holiday Spending Despite Financial

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Dec 26, 2023 · The trade group expects holiday expects U.S. holiday sales will rise 3% to 4%. That’s lower than last year’s 5.4% growth but again, more consistent with typical holiday …

huffpost.com

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How Companies Can Get Their Share Of The $1.59 Trillion Holiday …

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Sep 30, 2024 · According to research from Bankrate, 33% of consumers plan to spend less on holiday shopping than last year, and nearly a quarter say the cost of holiday shopping will …

forbes.com

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Upbeat Holiday Spending Reflected Consumer Strength ... - Barron's

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2 days ago · Excluding car sales, consumer holiday spending rose 3.8% year over year, according to Mastercard SpendingPulse, higher than its estimate for a 3.2% rise.

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Major Retailers Vie For Piece Of Holiday Spending Boom As Gulf …

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Dec 3, 2024 · During this holiday season, consumers plan to spend an average of $2,100 on top of their monthly expenses, according to an annual survey from the Bank of America …

yahoo.com

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Holiday Retail Sales Rise 3.8%, Mastercard Says - Axios

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2 days ago · Holiday season retail sales rose 3.8% this year over last, Mastercard says, as more people dined out and bought clothes and jewelry.. Why it matters: The report suggests a …

axios.com

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Americans Ramped Up Spending During The Holidays Despite Some …

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Dec 26, 2023 · The trade group expects holiday expects U.S. holiday sales will rise 3% to 4%. That’s lower than last year’s 5.4% growth but again, more consistent with typical holiday …

independent.co.uk

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High Income Shoppers Pull Back In 2024 Holiday Season

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Dec 17, 2024 · Holiday spending was flat for earners making between $40k-$150k so far in 2024 (see chart notes for details). The lowest and highest earners, below $40k and over $150k, …

earnestanalytics.com

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Holiday Spending To Rise As Big Earners Spur Uptick, Analysts Say

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Nov 15, 2024 · Overall, almost every economist is predicting holiday spending will be up from last year’s levels, rising anywhere from 2.5% to 8%, according to a series of forecasts from varying …

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FAQs about Holiday spending to rise as big earners spur uptick, analysts say Coupon?

How much will holiday spending go up this year?

Overall, almost every economist is predicting holiday spending will be up from last year's levels, rising anywhere from 2.5% to 8%, according to a series of forecasts from varying sources examined by UPI. Those numbers have put retailers in a generally festive mood as a long-term trend of higher holiday spending in each successive year continues. ...

How much will retail spend on holiday?

National Retail Federation: Record spending on tap The National Retail Federation has forecast holiday spending will grow between 2.5% and 3.5% over last year, equating to between $979.5 billion and $989 billion in total spending during November and December. ...

How much will consumers spend this holiday season?

The international accounting and financial services firm PricewaterhouseCoopers predicts consumer spending this holiday season will jump by 7%, with the average shopper spending $1,638 on gifts, travel and entertainment. While at first blush that may sound like great news for retailers, a closer look reveals a disconnect. ...

Why do consumers spend so much on holiday shopping?

Michelle Meyer, chief economist at Mastercard Economics Institute, said the holiday shopping season “revealed a consumer who is willing and able to spend but driven by a search for value” as seen by concentrated online spending during the biggest promotional periods. ...

How much will consumers spend on holiday shopping in 2023?

A holiday retail forecast from consultancy Deloitte also anticipates higher consumer spending this year compared with last, with shoppers spending on experiences, plus home decor and party apparel. Deloitte expects consumers to spend an average of $1,778, up 8% from 2023, based on its survey of more than 4,000 U.S. consumers. ...

Will holiday spending reach a record $1638 per Shopper this year?

This story was originally published on Retail Dive. To receive daily news and insights, subscribe to our free daily Retail Dive newsletter. Holiday spending is set to reach a record $1,638 per shopper this year, a 7% increase from last year and 15% above 2022, according to PwC’s outlook report. ...