Holiday Shoppers to Spend Less This Year
WASHINGTON, DC (WENY) -- The holiday shopping season is almost here, but people are expected to be more conservative this year.
The National Retail Federation's holiday consumer spending survey shows the average holiday shopper will spend just about $738 on gifts, decor, greeting cards and other items this year. That's two percent less than the $752 spent last year.
Government and economic stability plays a factor, as financial uncertainty continues in Washington.
Consumers are also expected to cut back on treating themselves to something this holiday season.