The holiday season is officially here — marking not only the busiest time of the year, but the most costly.

According to the National Retail Federation , an industry trade group, 2025 holiday spending is on track to top $1 trillion nationwide, shattering the record for highest holiday sales.

The NRF predicted that retail sales in November and December will grow between 3.7% and 4.2% over 2024 totals.

“That translates to total spending between $1.01 trillion and $1.02 trillion,” the trade group said in a statement.

“By comparison, last year’s holiday sales rose 4.3% over 2023 to reach $976.1 billion.”

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The NRF’s holiday forecast uses various economic indicators such as consumer spending patte

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