Sales rose this year during the holiday shopping season even as Americans wrestled with elevated prices for many groceries and other necessities, according to new data. Holiday sales from the beginning of November through Christmas Eve climbed 3.8%, outpacing the 3.1% increase from a year earlier, according to Mastercard SpendingPulse, which tracks all kinds of payments including cash and debit cards.
Holiday Shoppers Increased Spending By 3.8% Despite Higher Prices
Anne D'Innocenzio, Haleluya Hadero, Chicago Tribune: Business
Thu, 12/26/2024 - 9:14am
Topics: holiday michelle meyer mastercard economics institute sales clothing consumer u.s hurricane helene retailers circana national retail federation commerce department december november christmas mastercard spendingpulse americans dec october nov shoppers higher prices year shopping season online increase period rose data group stores gains released billion month discounts two-month growth days restaurants money activity early
BING NEWS:
- Holiday shoppers increased spending by 3.8% despite higher prices
Sales rose this year during the holiday shopping season even as Americans wrestled with elevated prices for many groceries and other necessities, according to new data. Holiday sales from the ...
12/26/2024 - 2:27 am | View Link - Holiday Sales Reveal a Split in Consumer Spending
Gains were driven by households earning $100,000 or more, while retailers and brands experienced a pullback by lower-income shoppers.
12/26/2024 - 12:12 am | View Link - Holiday spending in St. Louis area is mixed even as it goes up in US after a big election
Historically, presidential election years coincide with higher holiday spending because, for consumers, it doesn’t really matter which party wins, experts say.
12/24/2024 - 1:45 am | View Link - In-person shopping makes a comeback amid record-spending holiday season
The National Retail Federation predicts nearly half of all shoppers will head to department and discount stores to knock out their shopping lists this holiday season.
12/22/2024 - 9:39 pm | View Link - US consumer spending solid; inflation showing progress as year ends
U.S. consumer spending increased in November amid strong demand for a range of goods and services, underscoring the economy's resilience, which saw the Federal Reserve this week projecting fewer ...
12/20/2024 - 6:19 am | View Link - More
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