Hold onto your wallets! 🎯 The U.S. is gearing up for its biggest holiday shopping season yet, with the National Retail Federation predicting a 3.5% jump in spending compared to 2023. That’s a whopping $980+ billion expected to flow through cash registers and online carts this November and December.
Why the boost? Analysts point to strong consumer confidence, early Black Friday deals 🎁, and a growing trend of \"social shopping\" fueled by Instagram hauls and TikTok gift guides. 💡 While inflation remains a concern, retailers are betting big on flash sales and buy-now-pay-later options to keep the festive spirit (and spending) alive.
Reference(s):
cgtn.com