Spending Expected To Increase This Holiday Season
The National Retail Federation predicts holiday shoppers will spend about 967 dollars a person on gifts this year, up 3.4-percent from in 2016. Mark Rosa, Professor with the UNO School of Business, says everybody gets excited during the season and wants to be generous but we have to resist the urge to overspend. He says it’s easy to put purchases on credit cards.
Rosa says it’s important to create a budget before setting out to shop and make sure you stick to it. He says it’s very easy to wind up in debt after holiday shopping.
Rosa says even though this is more holiday spending than years past, that doesn’t always make for a happy Christmas.