Holiday Sales Forecast: Americans To Spend $721 Billion More This Holiday Season

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PHILADELPHIA (CBS) - This year's holiday forecast is out. Not the weather but the shopping forecast!

The National Retail Federation says Americans will spend more money this holiday season.

The group predicts a spending increase of more than 4-percent, which translates to about $721 billion.

Analysts say strong employment and higher wages are contributing to increased spending.

In:
• Consumer News