[ad_1]
Despite decades of high inflation, the holiday shopping season is approaching. Not that your family is spending less this year, you might be finding other ways to buy gifts for your loved ones.
According to CNN Business, the National Retail Federation says it is “forecasting combined sales for the November-December shopping months.” [to] This year, it will grow 6% to 8% compared to the 2021 holiday season, reaching $942.6 billion to $960.4 billion.”
Rather than cutting corners on buying gifts, NRF president and CEO Matthew Shay predicted that “many households will supplement their spending with savings and credit to provide cushion.”
“You can’t stop Americans from celebrating holidays, not even with rising prices and economic uncertainty,” said Kimberly Palmer, a personal finance expert at NerdWallet. “This means many shoppers are feeling financially squeezed and are taking on more debt to handle the extra demands on their budgets.” recommends budgeting tips to help consumers not allow “debt to be the Grinch” to steal their joy this season.
In addition to paying off those credit card balances, experts recommend setting holiday spending limits and checking online for coupon codes to use may also help.
NerdWallet found that “nearly 7 in 10 Americans plan to shop at this year’s Black Friday/Cyber Monday sale.”
you might like it too
Hillary Clinton, top Democrat files motion to sanction Trump in ‘frivolous’ lawsuit
Obama Turns Arizona Heckler Into Toxic Political Lesson: ‘We Must Stay Focused’
Former Pakistan PM in ‘stable’ state after protest attacks
[ad_2]
Source link
