Holiday Spending Surge Despite High Prices
Update: 2025-11-27
Description
Despite high prices, Americans plan to spend big this holiday season, with an average budget of $2,800, a significant increase from last year. This strong demand is driving retail sales past $1 trillion. Although inflation has eased, high prices remain a concern, with a three percent year-over-year increase partly due to tariffs. Many shoppers are adjusting their habits, seeking sales, cheaper gifts, and affordable brands. Despite these challenges, a record number of people are expected to shop over Thanksgiving weekend, indicating a resilient holiday spending outlook.
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