(Worthy News) – Gallup’s initial measure of consumers’ 2017 Christmas shopping plans suggests retailers could see the best holiday sales in years. The chief indicator is a sharp increase in the amount Americans say they plan to spend on Christmas gifts — now $906, up from $785 in October 2016. That represents one of the biggest year-over-year increases in Gallup’s trend, pushing the spending projection to its highest level in a decade.
More specifically, 34% of Americans plan to spend at least $1,000 on Christmas gifts this year, 23% say they will spend between $500 and $999, 28% expect to spend between $100 and $499, and 3% will spend less than $100. Six percent of U.S. adults report that they won’t spend anything on Christmas gifts, which includes those who say they don’t celebrate the holiday. [ Source: Gallup (Read More…) ]