US Holiday Spending Projected to Exceed $1 Trillion in 2025
Pedestrians view holiday windows at the Bergdorf Goodman store on Fifth Avenue in New York in December 2024.
Photographer: Jeenah Moon/BloombergHoliday spending will surpass $1 trillion this year and set a record despite consumer caution, according to a forecast by the National Retail Federation.
Consumers plan to spend nearly $900 per person on average this year, while retail sales are expected to increase in a range of 3.7% to 4.2% from a year earlier, according to the group.