Consumers are expected to spend an average of $1,638 this holiday season on gifts, travel, and entertainment, PwC reports, reflecting a 7% increase compared to 2023 and a 15% rise from 2022. Gift budgets are expected to rise 9.9% from 2023, per JLL, and Mastercard anticipates spending during the 2024 holiday season to increase by 3.2% yearly.
Learn more by reading my CTW Features article on this topic, available here.