Holiday Shoppers Opening Up Their Wallets For Experiences

Experience spending will trump gift spending this holiday season.

That’s according to Deloitte’s 33rd annual “Holiday Survey” of consumer spending intentions and trends, which found that experience spending, including entertaining at home and away from home, will account for 40% of shoppers’ holiday budgets, or $611 out of the total expected spend of $1,536. Gifts will account for 34% of the budget at $525, while the remaining $400 is expected to be spent on such non-gift purchases as clothing, home and holiday furnishings and other.   MORE

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