Consumers will spend record amounts on Black Friday and Cyber Monday this year, Deloitte says—and you can thank millennials

Photo of young woman shopping on her laptop (Credit: Getty Images)

The season of giving is going to be especially generous this year, according to a new survey from Deloitte.

Anticipated spending this year during the Thanksgiving week period (which includes both Black Friday and Cyber Monday) is up 13% from a year ago. The average consumer will spend $567 in that time frame, with eight out of 10 planning to shop, Deloitte reports in its 2023 holiday retail survey.