National Retail Federation Holiday Survey: Consumers to spend second-highest amount on record
Consumers plan to spend $890.49 per person on average this year on holiday gifts, food, decorations and other seasonal items.
That’s according to the National Retail Federation’s annual consumer survey conducted by Prosper Insights & Analytics. The amount is the second-highest in the survey’s 23-year history and is 1.3% less than last year’s record of $901.99. The increase comes as 85% of consumers are expecting higher prices because of tariffs.
NRF Holiday Survey: Consumers to spend second-highest amount on record | Chain Store Age