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Half of Americans Plan to Spend More On Holiday Shopping

David Andrew 5/11/18

Retailers just got some good news for the holiday season.

Even though Americans are still worried about the economy, more than half of Americans still plan to spend the same amount or more on holiday shopping as they did last year.

For the survey, Retailmenot.com representatives contacted shoppers in the U.S. and asked several questions about their planned shopping for the holidays. Fifty-six percent of survey respondents said they plan to spend at least the same amount or more this year as they did last year.

“Fifty-six percent plan to

spend more than last year.”

Americans also seemed to like shopping early, as 40 percent of survey respondents said they began their shopping before October.

This was seen as a way to keep costs low because shoppers could look for deals throughout the entire year, not just during the holidays.

In addition, online shopping also appeared to be popular, as 84 percent planned to make at least some purchases online, while 21 percent planned on doing nearly all their shopping online.

If the results from this survey turn out to be accurate, there should be some happy retailers and happy households this year, as Americans seem prepared for some solid holiday shopping.

Source: mediaroom.com. Photo source: turner.com.

About David Andrew
David Andrew is a former New York Life financial adviser, holding Series 6 and Certified Financial Planner credentials from his years with the company. He also holds degrees in economics and finance from McGill University. David is now a well-published finance writer with special expertise in credit cards and auto insurance. In addition to his work on BadCredit.org, his articles have been featured on eHow, Zacks.com, TheNest.com, Chron.com and other popular sites. When he's not keeping up with the latest news in the world of finance, David enjoys playing tennis and golf.
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