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

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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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