Holiday Bites: US Consumers’ Holiday Spending Expectations—Survey Update Coresight Research December 24, 2020 Reasons to ReadOur Holiday Bites series features bitesize information on the shape and scale of consumer demand, retail sales and category performance in the 2020 holiday season. Click here to see more Holiday Bites as well as our in-depth research reports on US holiday retail. Click the image to read more about the topic. A substantial proportion of US consumers expect their total, final holiday spending to be lower than last year. However, some 48% expect their total holiday spending to be less than last year, down five percentage points from 53% last month, due to fewer consumers planning to spend a lot less. Encouragingly, some 15% expect to spend more for the holiday season than last year, up seven percentage points from last month—the highest level we have seen in our weekly surveys since we started asking this question in July. This document was generated for Other research you may be interested in: Essential Guide to Shoptalk Spring 2025: Navigating the Future of Customer-Centric Retail with AI and Unified CommerceThree Data Points We’re Watching This Week, Week 33: US Consumers’ Tariff PerceptionsNew Tariffs, New Challenges: How US Trade Policies Could Impact Prices and ProfitsEconomic Optimism at Five-Month Low; Holiday Shopping Slows: US Consumer Survey Insights
