Expected Consumer Holiday Spending Highest Since 2007

A recent survey by Gallup suggests consumers expect to spend more this holiday and the highest since 2007. The Gallup survey notes:

• the majority of Americans routinely say they will spend about the same as they did the previous year, the 20% saying they will spend less is down from 24% in October 2014, and is the lowest Gallup has recorded for any October since 2007.

From The Blog of HORAN Capital Advisors

• a third of U.S. adults plan to spend $1,000 or more on gifts and another quarter say they will spend between $500 and $999, while about a third will spend between $100 and $499. Another 3% plan to spend less than $100, while 8% say they will not spend anything.

From The Blog of HORAN Capital Advisors