‘Tis the Season for Spending

TIS THE SEASON for SPENDING It's easy to lose track of money amidst the holiday hustle and bustle. Take a look at this season's financial forecast so you can spend safely and bring cheer along into the new year. How much money is spent during the holidays? $601.8 BILLION Online sales in 2013 2013 Holiday Retail Spend $1.198,000,000 o Black Friday a 3.8% 4 $1,735,000,000 o Cyber Monday increase from 2012 E Consumers are planning to opend even more this holiday season = planned to increase holiday spending 2012 2014 plan to holiday spending rease 13% 15% 2013 2014 planned holiday spend per shopper $592 $600 $458 $500 $357 $400 $194 $300 $93 $200 $100 $0 Holiday Entertaining Gifts Store and Store-only furnishings Internet shoppers shoppers This year's most purchased gifts 200 CALS O CLOTHING 2. GIFT CARDS 3. ELECTRONICS 1. • ONLY 42% OF SHOPPERS PLAN TO USE A BUDGET! When will retailers be busiest? THE MAJORITY OF SHOPPING WILL BE DONE IN DECEMBER more shoppers 5% 38% plan to do most of their shopping on → will do most of their shopping in December 16% Black Friday than Cyber Monday of households plan to do their holiday shopping after December 25! Where will consumers shop this year? On average, consumers will use more than 4 venues to complete their shopping SALE 45% OF SHOPPERS 44% OF SHOPPERS 30% OF SHOPPERS Internet Discount Stores Department Stores Online sales are projected to grow of online shoppers Stores will hire about 55% X are concerned about 8 - 11% 800,000 their personal data new seasonal employees this year and reach are more concerned Corrupt businesses or 51% $89 billion than last year employees account for of identity Computer-related identity crime of all retail sales of 14% I1.6% are made online 21.6% identity fraud accounts for fraud Always scrutinize any requests for personal information in Be sure that you are using secured connections with reputable sellers person and online How are consumers planning to pay this year? Gift Card Credit 17% Major Store credit 34% credit 13% card: card: Cash ----- Saved just for holiday shopping: 57% Other savings: of consumers will use a different 15% 57% form of payment this year due to a data breach 51% $30,000 of consumers earning less than $30,000 a year are more likely to use cash during the holidays 42% $75,000 of consumers earning more than $75,000 a year are more likely to use cash during the holidays Want to make sure that you're saving money throughout the year to buy all of your holiday gifts? Make a resolution to use CreditSesame.com and keep track of your credit all year long. To get your free credit score, free credit monitoring and free identity protection through Credit Sesame, visit www.CreditSesame.com. SOURCES http://www.deloitte.com/assets Dcom-UnitedStates Local%20Assets Documents RetailDistribution us_rd_ Deloitte_2014 Holiday_Survey_Results_102114.pdf https://nrf.com/media press-releases holiday-retail-sales-come-nrf-expectations https://nrf.com/media press-releases optimism-shines-national-retail-federation-forecasts-holiday-sales-increase-41 http://www.identitytheftassistance.org pageview.php?cateid=47 http://blogs.forrester.com/sucharita_mulpuru/ 14-11-03-us_online_holiday_sales_will_be_higher_than_ever_despite_noticeable_challenges https://www.comscore.com/Insights Press-Releases 2013/12 Cyber-Monday-Jumps-18-Percent-to-1735-Billion-in-Desktop-Sales-to-Rank-as-Heaviest-US-Online-Spending-Day-in-History http://www.creditcards.com/credit-card-news shopping-after-breach.php http://newsroom.accenture.com/images 20020 2014%20Accenture%20Holiday%20Shopping%20Survey%20Deck%20FV%20(3).pdf credit sesame