Americans expected to spend more this holiday season - WQOW TV: Eau Claire, WI NEWS18 News, Weather, and Sports

Americans expected to spend more this holiday season


New numbers show this year Americans plan to pull out their wallets even more this holiday season.

A consumer survey shows holiday spending will likely rise between 3.5-4 percent this year. It represents the fourth consecutive year of gradual increase.

Experts say that is a sign many Americans may be a little more confident about their financial situation.

"Put differently, our holiday spending survey has shown four years of improvement in a row following the abysmal readings of 2008," Chief Economist Bill Hampel said.

The number of Americans who said they would spend more rose from 8 percent to 12 percent over last year. More people surveyed also said their financial situation was better this year.

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