High-Income Consumers Plan Fewer Gifts And More Travel, Cutting Into Retail Holiday 2022 Sales

Photo caption: An open empty gift box and female hands on the wooden table background. No gift concept. Image credit: Getty. Article by Pamela N. Danziger. Forbes – November 11, 2022.

Throughout the critical holiday season of November and December, the National Retail Federation predicts retail takings will total between $942.6 to $960.4 billion, a 6% to 8% increase over last year. This estimate excludes spending at automobile dealers, gasoline stations and restaurants. […]

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