According to a report released by Accenture, Millennials are on pace to be the largest holiday spenders this year.

Major contributing factors leading to this sharp increase in millennial purchasing power during this holiday season is the integration of social media platforms into the online shopping experience, as well as a flair for better-quality goods.

What are your thoughts? Are you planning to break the bank this holiday season? Click here to read Accenture’s full report.