Good Afternoon
Good Afternoon

New Yorkers opening wallets for holiday

Black Friday shoppers take a break from shopping.

Black Friday shoppers take a break from shopping. Credit: John Dunn

More New Yorkers plan on opening their wallets a little wider this year to spend for the holidays compared to last year.

About 13 percent of New York state residents plan on spending more on presents for the holidays, up from last year's 7 percent, according to a poll conducted by the Siena College Research Institute.

The portion of New Yorkers that plan on curbing their spending for the holidays also decreased, dropping to 16 percent from 21 percent last year, according to the poll.

“By no means are New Yorkers planning a holiday spending frenzy, but every indicator is trending upwards,” said Don Levy, the director of the Siena Research Institute.

Levy told Newsday that it is hard to discern if superstorm Sandy had an effect on the poll results.

"Clearly those people who were most affected have other things on their mind instead of whether or not they’re going to go to the mall," he said. "Collectively there’s a sense that it’s still the holidays... and there's more impetus to engage on holiday spending."

More news