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Benzinga

Business

Piero Cingari

MYSTERIOUS: A rare holiday spending boom is coming but only for the wealthy - You Need To See This

Oxford Economics Michael Pearce Luxury North Face Oxford United States Vans

Christmas shopping while wealthy

This year's holiday season may deliver the strongest sales growth in four years, but it won't be a broad recovery—wealthy households are expected to drive nearly all of the gains.

According to Oxford Economics, holiday retail sales—excluding autos, gas, bars and restaurants—are expected to rise 4.6% in nominal terms and 1.6% in inflation-adjusted volume over the 2024 season. The last time real sales volume saw a comparable increase was in 2021.

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