Holiday spending expected to be higher this year than last year

National News

UNITED STATES (WSYR-TV) — A new National Retail Federation survey finds holiday spending is expected to be higher this year compared to last year, reaching a total of $730 billion. That’s a 4% hike compared to last year. 

Individually, consumers are expected to spend more than $1,000.

The NRF says clothing is the top gift this year, followed by gift cards, toys, and books.

About 75% of those surveyed said they’re using their phones to shop.

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