National Retail Federation expects consumer spending to top $5.2T in 2024, be led by online sales

A customer checks prices while shopping at a grocery store in Wheeling, Ill., Friday, Jan. 19, 2024. (AP Photo/Nam Y. Huh)
A customer checks prices while shopping at a grocery store in Wheeling, Ill., Friday, Jan. 19, 2024. (AP Photo/Nam Y. Huh)

A retail industry trade group expects consumer spending to reach at least $5.23 trillion this year, up between 2.5% to 3.5% from $5.1 trillion last year.

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