With the holiday season approaching, consumers are scavenging for the best retail and travel bargains. To predict consumer shopping behaviors between Thanksgiving and Christmas, Commerce Signals created a Holiday Spending Forecast. It’s predicted that card spending will increase by 11% and sales will grow by 16% compared to 2021. Travel spending is expected to return to its pre-pandemic level with an increase of 32% compared to last year. However, while retail and travel have projected growth, personal incomes are facing sluggish growth due to inflation therefore decreasing discretionary spending.