Contact Us

Good News for the Economy: Consumers Ready to Spend This Holiday Season — Dollars and Sense

Holiday shoppers ready to spend
Sandy Huffaker, Getty Images

Holiday spending is expected to increase this year, as a new report indicates that more Americans are finally seeing a little reprieve from the last four years of economic anxiety.

The latest Consumer Reports index reveals that the number of people experiencing financial hardships entering this holiday season is down nearly 12 points, the lowest index reading since spring 2009, according to the report.

Surprisingly, the largest upswing in financial stability appears to be among those families earning a combined household income between $50,000 and $99,000 a year. And while middle-class citizens experienced the most positive growth, families earning less still showed a slight improvement, with a drop in the index of nearly six points.

The Consumer Retail index, which works to predict future consumer spending, paints an optimistic picture for retailers this holiday season. Holiday gifts like personal electronics and small appliances are all showing improvements this month.

“There is reason for optimism this month, with financial difficulties in decline and sentiment moving upward,” said Ed Farrell, director of consumer insight at the Consumer Reports National Research Center. “These are very heartening signs for retailers, especially as we get into the all-important holiday shopping season.”

Overall, more Americans seem to be ready to get on with their lives this holiday season, even with only a meager sign of recovery in their back pockets.

[Business News Daily]

Best of K96 FM

Recommended For You

Best of the Web

It appears that you already have an account created within our VIP network of sites on . To keep your personal information safe, we need to verify that it's really you. To activate your account, please confirm your password. When you have confirmed your password, you will be able to log in through Facebook on both sites.

Forgot your password?

It appears that you already have an account on this site associated with . To connect your existing account just click on the account activation button below. You will maintain your existing VIP profile. After you do this, you will be able to always log in to using your original account information.

Please fill out the information below to help us provide you a better experience.

(Forgot your password?)

Not a member? Sign up here

Sign up for K96 FM: Wide Open Country quickly by connecting your Facebook account. It's just as secure and no password to remember!

Never Miss the Latest News from K96 FM: Wide Open Country.