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Retail organization anticipates modest holiday spending

The National Retail Federation says the average holiday shopper is expected to spend modestly this year.

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Syracuse (WSYR-TV/CNN) – The National Retail Federation says the average holiday shopper is expected to spend modestly this year.

According to the organization’s consumer spending survey, the average shopper will spend around $700 on gifts, décor, greeting cards, or other items associated with the holidays – a 2 percent drop after last year.

The NRF is forecasting that stores will offer more sales – an increase of 3.9 percent to over $600 billion.

For the first time, the NRF asked if the political gridlock in Washington would affect their spending – on average, 29 percent said it would.

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