Americans ramped up spending during the holidays despite some financial anxiety and higher costs

for goods, according to a survey from Deloitte.

The survey found that U.S. adults spent an average of $1,776 during the 2018 holiday season, up 7 percent from 2017. Retailers, supermarkets, and online sales all saw increases in sales over the holidays, largely due to consumer spending. However, the survey also found that nearly two-thirds of Americans felt some financial anxiety due to rising costs of everyday items.

Deloitte also found that consumer sentiment improved after the US-China trade war was paused and economic confidence rose. This likely contributed to increased spending during the holiday season, since consumers felt more secure in their finances. Moreover, the survey found that consumers are feeling more optimistic about the economy, particularly after photos of the White House lighting up for the holidays went viral.

Overall, it appears that higher consumer spending during the 2018 holiday season was driven by increased consumer confidence and optimism as well as a strong economy.

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