Americans expected to spend more this holiday season - WAOW - Newsline 9, Wausau News, Weather, Sports

Americans expected to spend more this holiday season


New numbers how 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% 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% to 12% over last year. More people surveyed also said their financial situation was better this year.

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