SPRINGFIELD, Mass. (WWLP)– In a few short months, twinkle lights will be hung, and malls will be filled with last minute holiday shoppers.
“I’ve talked to a few people myself and they’ve already been out shopping already. I said you’ve got to be kidding me! Already? It’s not even October,” Arthur Orlosk, from Wilbraham, told 22News.
Now, a new study by the American Express Spending and Saving Tracker says that an increased number of working Americans feel financial stable enough to up their spending this holiday season.
And that more than 80 percent of employed Americans feel secure in their current job.
Financial experts say that increased confidence in their finances is likely to show up as consumer’s willingness to spend these next few months.
In Springfield, some folks told 22News their not feeling as hopeful or as confident as those surveyed.
Ses Lopez, from Springfield, told 22News, “It’s surprising for me, that’s not my, personally my situation, at all. I’m a recent graduate of UMass so it’s been a challenge looking for employment.” Lopez said this year will be more about spending time with family than about buying gifts.
Even though the holidays are about three months away, analysts say that those who are in the mood to spend are doing so on themselves– nearly three quarters of Americans have upped their recent spending on fashion accessories and leisure activities.
More than 60 percent say they plan to make a large purchase before the end of 2014 on a home appliance, home renovation, or a car.