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Here's how much Americans plan to spend on the holidays this year

CBS News
Summary
Nutrition label

82% Informative

Consumers are expected to spend 7% more in 2024 than they did in 2023 , according to BofA Securities' holiday spending forecast.

The National Retail Federation also anticipates an uptick in consumer spending this year compared with last year .

Younger generations of shoppers will tap secondhand stores for gifts, says the NRF .

VR Score

87

Informative language

89

Neutral language

50

Article tone

formal

Language

English

Language complexity

56

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

Source diversity

1

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