What are the latest statistics on holiday spending?
An example of an AI chatbot conversation about holiday spending statistics.
What are the latest statistics on holiday spending?
According to recent surveys, holiday spending in 2023 is expected to reach an all-time high of $900 billion.
What categories do people spend the most on during the holidays?
The top categories include gifts, food and beverages, decorations, and travel.
How does this year's spending compare to last year?
This year's spending is projected to increase by about 5% compared to last year, reflecting a strong consumer confidence.
Are there any trends in holiday spending this year?
Yes, many consumers are prioritizing experiences over material gifts, with a rise in spending on travel and events.
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