Consumer sentiment rebounded in November 2014 to a 7-year high, with 46.6% of consumers confident in the economy. While confidence dipped in October, high levels in September and November suggest consumers may be breaking from low confidence that has characterized much of 2014. Holiday spending plans increased 4.8% over last year to an average of $804 per person on gifts, décor, food, and flowers, though total planned spending including self-purchases rose only 3.2% to $931 due to tempered growth. Generations X and Baby Boomers currently account for 67% of projected holiday gift spending.