Experts predict more holiday season spending -- but not on gifts

<p>The National Retail Federation says it expects people to spend 3 percent more money this holiday season -- but less than usual on gifts for friends, family and colleagues.&nbsp;</p>

News 12 Staff

Nov 6, 2017, 10:23 PM

Updated 2,369 days ago

Share:

The National Retail Federation says it expects people to spend 3 percent more money this holiday season -- but less than usual on gifts for friends, family and colleagues.
Experts say stagnant wages and bargain hunting may be to blame, even though the holiday shopping season is already underway in the beginning of November.
"I'm just looking around, scouting and getting the best prices," Michael Sheppard, one early shopper, told News 12 Long Island.
In another poll, CreditCards.com found that only about half of shoppers plan to spend $50 or more on their most expensive gift.
"Why do we need to spend a lot of money on them?" asked shopper Alicia Marciano.
The poll also found that female shoppers spend less than their male counterparts during the holidays.


More from News 12
2:19
Campus police on standby following pro-Palestinian protest arrests at Stony Brook University

Campus police on standby following pro-Palestinian protest arrests at Stony Brook University

1:27
Temps below average for the weekend with possible showers

Temps below average for the weekend with possible showers

0:36
Police: Farmingdale woman scammed Texas man out of $9,000 with fake lotto scheme

Police: Farmingdale woman scammed Texas man out of $9,000 with fake lotto scheme

0:19
Man wanted for stealing package worth $6,000 from East Northport home

Man wanted for stealing package worth $6,000 from East Northport home

0:59
New York to raise minimum award for tuition assistance program, expand eligibility

New York to raise minimum award for tuition assistance program, expand eligibility

1:44
The Real Deal: Now may be the time for a job change

The Real Deal: Now may be the time for a job change

1:39
Runners are lacing up for the Long Island Marathon Sunday. Click here to see which roads will close to traffic

Runners are lacing up for the Long Island Marathon Sunday. Click here to see which roads will close to traffic

0:33
Experts fear 'catastrophic' college declines thanks to botched FAFSA rollout

Experts fear 'catastrophic' college declines thanks to botched FAFSA rollout

10 organizations to donate to in support of the Asian American and Pacific Islander communities

10 organizations to donate to in support of the Asian American and Pacific Islander communities

2:32
Residents organize rally to demand cleanup of Bethpage Community Park

Residents organize rally to demand cleanup of Bethpage Community Park

2:11
Garden Guide: Is it safe to plant your summer garden?

Garden Guide: Is it safe to plant your summer garden?

1:29
Students at Wyandanch HS take part in 'Shark Tank' competition

Students at Wyandanch HS take part in 'Shark Tank' competition

0:44
Top LI basketball players compete in annual Alzheimer's All-Star Classic

Top LI basketball players compete in annual Alzheimer's All-Star Classic

1:03
Long Island Game Farm responds to USDA report on Bobo the giraffe's cause of death

Long Island Game Farm responds to USDA report on Bobo the giraffe's cause of death

0:22
Police: Man stole over $1,200 worth of clothes from Ralph Lauren in Deer Park

Police: Man stole over $1,200 worth of clothes from Ralph Lauren in Deer Park

9 Long Island health care providers earn highest safety rating on Leapfrog Hospital Safety Grade

9 Long Island health care providers earn highest safety rating on Leapfrog Hospital Safety Grade

0:35
Mets foundation partners with America's Vet Dogs to raise future service dog

Mets foundation partners with America's Vet Dogs to raise future service dog

2:22
Do you constantly reuse the same username and password? 6 steps to help safeguard your online accounts

Do you constantly reuse the same username and password? 6 steps to help safeguard your online accounts

1:53
Shop Mother’s Day Gifts – Exclusive Offers Up to 75% OFF!

Shop Mother’s Day Gifts – Exclusive Offers Up to 75% OFF!