Holiday spending expected to top $1 trillion

 

(CNN)– Despite the longest government shutdown in U.S. history, holiday spending is expected to rise this year.

The National Retail Federation forecast predicts holiday sales will reach a trillion dollars.

Last year the total reached $976 billion.

Despite a projected rise in spending, experts say shoppers are more price sensitive and will be searching for deals.

The government shutdown could also make holiday spending uneven across different income brackets.

Categories: News