According to the National Retail Federation, holiday spending will increase only 2.8% this year over last year's surprising strong sales. Total holiday spending is expected to be $465.6 billion. Retailers are expected to hire nearly 500,000 seasonal workers, jobs that are sure to be a welcome respite from continued unemployment across the country.
Individual spending is expected to drop slightly this year to $704.18.
Where are people spending? The NRF has a number of holiday graphs on its website, including this one:
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