Christmas 2023 Spending

Christmas 2023 Spending. From 2021 to 2023, December retail stayed relatively level Despite lingering inflation, Americans increased their spending this holiday season, early data shows


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Explore McKinsey's latest Consumer Pulse Survey, which outlines key consumer shopping and spending trends over the course of the 2023 holiday season. Americans now estimate they will spend an average of $975 on Christmas or other holiday gifts this year, up from the $923 average spending prediction in October, according to a Gallup survey.

Shopping Behavior Average expected spending on holiday gifts in the U.S Shopping Behavior Average expected spending on holiday gifts in the U.S More than 50% of consumers think inflation or the economy will impact their holiday spending, including Christmas season spending, in 2023

. Shopping Behavior Average expected spending on holiday gifts in the U.S December retail shopping has increased every year since 2009 except 2018 and 2022, when sales were 2.7% lower and 1.5% lower than the years prior.

Merry Christmas 2023! A Yearend Recap and What's Next for 2024. Despite lingering inflation, Americans increased their spending this holiday season, early data shows 1 through Christmas Eve rose 3.1% year over year, new data show, a figure in line with the decade leading up to the pandemic and another positive sign for the economy.