ECONOMY

Wed 15 Mar 2023 7:54 pm - Jerusalem Time

America: Demand for holiday shopping amid inflation

CHICAGO - (Xinhua) -- The average person in Chicago, the third-largest city in the United States, is expected to spend 1,700 U.S. dollars during the holiday shopping season this year, up 22 percent from last year despite inflation, according to a survey of retailing during the year. Holidays.


A survey released by Deloitte Chicago earlier this month showed that shoppers plan to buy fewer gifts.


And Deloitte's 2022 holiday retail survey revealed that 37 percent of American households said their financial situation is worse than it was last year.


In the midst of inflation, consumers are looking forward to retailers offering deals and plans to spend 50 percent of their holiday shopping budgets during Black Friday.


Meanwhile, data from business management consulting firm Accenture shows that Chicagoans are expected to spend $719 on travel, food and shopping during the November-December holiday season this year, an estimated increase of 19.3 percent from 2021. , during which the per capita expenditure was estimated at 580 US dollars.


Nationally, retail sales during the November-December holidays of 2022 are expected to increase 6-8 percent from the $889.3 billion in 2021 sales, hitting a new record of between $942.6 billion and $960.4 billion. US, according to data from the National Retail Federation.


The data also showed that Americans plan to spend nearly 832 U.S. dollars per person on gifts, food and decorations in 2022, in line with the 10-year average spending of 826 dollars and below the 2021 average spending of 879 dollars.

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America: Demand for holiday shopping amid inflation

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