Consumer Payment Card News

Holiday Outlook

749 0

About seven out of ten households are likely to spend the same or more this year than last during the upcoming holiday season. Gift cards will remain the #1 gift purchase this year, with 67% of nationwide respondents indicating that they will purchase an average of 4.9 cards, making them even more popular than last year, when 64% nationally purchased an average of 4.7 cards. The results from Deloitte’s “Annual Holiday Mood Survey” also reveals that non-auto holiday sales will increase in the 6% to 6.5% range during the November-to-January period, less than last year’s exceptional 8.6% increase, but still above the last decade’s average growth rate. Nearly 70% of consumers nationwide will spend some of their holiday budget on the Internet, which represents 21% of their total holiday spending.

Leave A Reply