U.S. consumers to spend 75 percent more these holidays

New York – Consumers in the U.S. expect to spend an average of 1,649 dollars each during this holiday season, which implies a 75 percent increase from last year.

When it comes to holiday gifts, consumers in the U.S. say they plan to spend 75 percent more in 2019 than they did last year, according to a survey conducted by Experian. More precisely, shoppers say they're planning to spend an average of 1,649 dollars this holiday season, compared with the 949 dollars they planned for last year.

Of the consumers surveyed, 38 percent said they were feeling stressed as the holiday shopping season approached, according to Experian. That's an 8 percentage point increase since last year's 30 percent.

The largest change in consumer feelings around the holiday was in the number of respondents who said they were feeling thoughtful. Since last year, the portion of consumers that were feeling thoughtful dropped by 9 percent.