Analysts: Holiday spending to rise as big earners will spur uptick [Yahoo! Finance]
Mastercard Incorporated (MA)
Last mastercard incorporated earnings: 4/29 08:00 am
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Source: Yahoo! Finance
the latter group planning to spend big on gifts and experiences, economists predict. A common theme emerging from this fall's predictions of holiday season spending echo the voting patterns seen in this month's presidential election -- inflation is the No. 1 issue across the country, and behaviors are starkly divided based on how it affects people. Overall, almost every economist is predicting holiday spending will be up from last year's levels, rising anywhere from 2.5% to 8%, according to a series of forecasts from varying sources examined by UPI. Those numbers have put retailers in a generally festive mood as a long-term trend of higher holiday spending in each successive year continues. The forecasts are coming amid solid economic growth so far this fall. U.S. real gross domestic product, or GDP, rose at an annual rate of 2.8% in the third quarter, after a 3% rise in the previous three months. The GDP bump was attributed mainly to increases in consumer spending. But, much
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