US Consumer Holiday Spending is Posting Big Numbers, Despite Anxiety About Inflation and the Economy

People carry retail shopping bags during Black Friday events in New York City on Nov. 25, 2016. Eduardo Munoz Alvarez/Getty Images

There were many polls and surveys from this past summer and fall which forecast that consumers, although anxious about inflation, would spend more on the holidays this year than last.

Those polls and surveys are bearing out as on the money.