US Consumer Holiday Spending is Posting Big Numbers, Despite Anxiety About Inflation and the Economy

Started by Epoch-Times-Bot, Dec 14, 2022, 04:30 PM

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Epoch-Times-Bot

US Consumer Holiday Spending is Posting Big Numbers, Despite Anxiety About Inflation and the Economy

There were many polls and surveys from this past summer and fall which forecast that consumers, although anxious about inflation, would spend more on the holidays this year than last.
Those polls and surveys are bearing out as on the money.
Helpful insight into how Americans would balance feeling uneasy and uncertain about the economy, with upping their holiday spending, was provided in a TD Bank survey of more than 1000 Americans released on Nov. 17.
Reported in the survey was that the  "economic environment is weighing heavily on consumers’ minds, with 74 percent of respondents saying the financial aspect of the holiday season makes them anxious, compared to 66 percent who said the same in 2021."...

Source: US Consumer Holiday Spending is Posting Big Numbers, Despite Anxiety About Inflation and the Economy

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