Holiday shopping is expected to reach record levels this year, with total holiday spending in the U.S. expected to hit around $960 billion, according to the National Retail Federation. That’s a year-over-year increase of around 4 percent.
The increased spending comes as inflation continues to be a drag on the economy and wage gains cool off – but people keep spending. Household debt in the U.S. has risen to $17 trillion, with about $1 trillion from credit cards.
“I do think shoppers are…
