Thursday, December 26, 2024

The US Consumer -- Christmas Spending? Across The Board Almost 100 Basis Points Greater Than Last Year? On Line? Almost 700 Basis Points Greater -- December 26, 2024

Locator: 44535RETAIL.

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Link here. $1200. At $23 / first month plus principal over six months = $200 + $23 = $223 / first month.

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Reported earlier: December 22, 2024.

So, this was the survey December 12, 2024:

So, how did this  work out?


Mastercard? Actual results blew away the estimates -- CNBC quote today --

According to a Mastercard SpendingPulse report, online spending during the holiday shopping period from November 1 to December 24, 2024, grew by 6.7% over last year, compared to a 2.9% increase for in-store sales.

This contributed to a total spending increase of 3.8% over 2023, surpassing the previously forecast rise of 3.2% and topping the 3.1% increase during the same period last year.

Steve Sadove, senior adviser to Mastercard and former Saks CEO and chairman, told Reuters that spending rose even when higher prices due to inflation were factored in. He noted that the last five days of the holiday season accounted for 10% of all holiday spending, showing "a lot of strength in the end."


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