Want to comfortably splurge on Black Friday? You’ll need to make this much money. - MarketWatch
1. High-income consumers plan to spend 20% more this holiday season. 2. Average spending for holiday shopping is up 15% compared to 2023. 3. Inflation affects middle-income consumers, limiting their discretionary spending. 4. Retailers attracting high-income shoppers report stronger earnings amidst economic challenges. 5. Many high-income earners still live paycheck to paycheck despite higher incomes.