About the author : Diana

According to the National Retail Federation’s annual consumer spending survey, Americans could spend nearly $721 billion on gifts, decor, travel and more during the 2018 holiday season. Recent data from the national retail Federation shows that Americans could likely spend in the range of $721 billion dollars for the 2018 holiday season. Money would be spent on everything from domestic travel to decorations and traditional gifts for family and friends. Holiday sales figure in 2017 hit $687.87 billion, which was applauded by economists since it was some of the most positive consumption data since 2010. The rising revenue being generated by holiday shoppers doesn’t show signs of slowing either. Experts predict a spike between 4.3 and 4.8 percent this year that will result in a grand total of $717.45 billion to $720.89 billion will be earned. Furthermore, the average U.S. shopper will most likely spend 4.1 percent more than they…