Americans tend to overspend during the holiday shopping season, and this year will be no different, according to some forecasts.
Despite concerns about the economy, President Donald Trump’s latest wave of tariff hikes and persistent inflation, holiday spending between November and December is expected to rise 3.7% to 4.2% and surpass $1 trillion for the first time, according to the National Retail Federation.
“American consumers may be cautious in sentiment, yet remain fundamentally strong and continue to drive U.S. economic activity,” Matthew Shay, NRF’s president and CEO, said in a statement.
However, other reports show that growing concerns about trade uncertainty and increased prices will weigh on household budgets.
Here’s a look at more stories on how to manage, grow and protect your money for the years ahead.
