Sales could reach $859 billion this holiday season as shoppers scramble to find last-minute gifts

November and December sales could be up as much as 11.5% from 2020, according to the National Retail Federation. Sales may potentially reach $859 billion this holiday season.

Author and USA Today's retail and workplace correspondent Charisse Jones told "CBS Mornings" that sales are up because Americans have been looking forward to the holiday season.  

"A lot of folks have extra money because wages went up a little bit this year. You also have the stimulus checks and the child tax credits. So, people have a little bit more money in their pockets. They are eager to get out there and shop," Jones said