How much money do you plan on spending this holiday season?
“The overall outlook from those consumer fundamentals are very positive and support what we believe is a fairly good forecast,” said Jack Kleinhenz, chief economist of the National Retail Federation.
“Strong job and income growth has been important,” Kleinhenz said. “More jobs means more income, more spending.” Kleinhenz said consumers also have a good bit of savings to spend from when everyone was saving during the pandemic.
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