After spending $911 billion on holiday shopping in 2023, U.S. consumers are predicted to push that mark to $948 billion in 2024, according to a survey by KPMG.
Forty-nine percent of consumers say they will increase their spending this year, the data showed, with households earning between $50,000 and $99,000 anticipated to raise their spending by 10%.
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Joe Toppe
Joe Toppe serves as managing editor of PropertyCasualty360.com. Joe is also a father of three, an author, and longtime lover of baseball.
