Holidays, it is all about the holidays. Consumers spend their most money on retail items during the holiday season such as Christmas. Consumers need to buy gifts for their family, friends, relatives, significant others, and even pets. With the variety of gift buys the consumers are spending more money than they usually would during any other month. However, consumers spending only accounts for about 70% of the economy in the United States. But during the holiday seasons there is a large economic gain. During the year of 2012 each consumers were spending around $750 dollars during the holidays. Because of this increase in spending during the holidays, the holiday sales increased 4.1% compared to 2011.
"Can Holiday Spending Lift Economic Doom and Gloom?" Industry Market Trends RSS. N.p., n.d. Web. 09 May 2013.
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