Holiday Spending Set to Rebound to Pre-Pandemic Levels This Year, Driven by Home Decor and Fewer Gifts

Holiday spending expected to rebound and surpass pre-pandemic levels for the first time this year.

Consumers plan to spend an average of $1,652 on holiday purchases, up 14% from 2021.

Shoppers prioritizing non-gift purchases like home decor and furnishings - spending forecast to jump 25%.

Gift spending still growing but shoppers plan to buy fewer gifts overall.

Majority still plan to start holiday shopping on Black Friday and Cyber Monday.