This holiday season is expected to bring in retail sales 4.1 percent higher than last year, meaning $617 billion should be spent within November and December of this year.
This rise can be attributed to low gasoline prices as well as the healthiest labor market we have seen since 2006. Retailers are also expected to hire 7.3 percent more holiday laborers than were hired last year, creating 794,258 additional jobs this year.
Based on shopping trends, a huge indicator of whether a consumer will spend, is not just the amount of liquid capital they have but their confidence to spend (i.e. job security and reliable credit). It looks like this holiday season will be filled with a lot of card swiping and minimal regret!