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www.wmfd.com - Whether you're ready or not, holiday shopping is right around the corner. }}" />

   
 
 
Consumers Expected To Trim Holiday Gift Giving Budgets

Story By: Larry Stine

 

 

 
 
 
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  Original Published: 10/28/2013 Whether you're ready or not, holiday shopping is right around the corner. Have you set your budget yet? The National Retail Federation says the average holiday shopper is expected to keep it modest this year. According to the federation's holiday consumer spending survey, the average shopper will spend around $700 on gifts, decor, greeting cards and more. That's 2-percent less than last year. But the National Retail Federation is forecasting holiday sales will increase 3.9-percent to over $600-billion. And here's something that's interesting. For the first time, the National Retail Federation asked if the political gridlock in Washington would affect their spending plans. On average, 29-percent said it would.
   
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