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Archive for November 25th, 2023

Posted by Martin November 25, 2023

Americans achieved record spending, online shopping up 7.5%

As the news about holiday spending is coming, we achieved a new record! Just this morning, the news reported $5.6 billion on stuff. In the evening the news reported that shoppers spent over $10 billion; 7.5% up compared to 5.4% last year and 3% to 4% expectations. That’s great. But the question remains: how will Continue reading →

Posted by Martin November 25, 2023

Americans keep spending

Yesterday, I wrote a post with a link expressing that retailers were worried about Americans not spending enough this holiday season. Their reasoning was:   Dwindling savings Increased credit card debt Stubborn Inflation and high prices everywhere Student loans repayment kick off   They also expressed concerns about shoppers delaying their purchases and ordering less Continue reading →