Halloween is firmly in the rearview mirror folks, and those leaves changing color outside are soon to give way to big sticks for the rest of the year. That's right -- it's officially time for the holidays! That means family feasts, eggnog-everything, and our wallets opening wide for our friends and family during the holiday shopping season.
According to a newly released annual survey from Deloitte on the holiday retail environment, things are looking up for most folks in 2017. The average consumer is expected to spend $1,226 during the holiday shopping season, with households above $100,000 in annual income expected to spend an average of $1,000 more ($2,226). As a whole, 81% of respondents in Deloitte's survey noted that their household financial situation is the same or better than it was last year, which is up by 18 percentage points from the 63% of respondents who affirmed so back in 2012. In other words, the holiday season appears to offer plenty of opportunity for retailers.
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Source: Fool.com