Let’s adjust this for inflation and look at goods and services purchased as opposed to just the gross expenditure. They are lying with numbers lacking context.
“Biden’s booming economy!” The media narrative of the 2024 election.
A five percent increase in holiday shopping?
Pssh.
Thanks to Bidenomics and his outrageous inflation rates, this means even LESS items were bought this year at much HIGHER prices.
Gee, could it be that EVERYTHING IS FAR MORE EXPENSIVE?!
Factor inflation in and then compare
The economy is very strong. Inflation has fallen back to normal levels. The stock market is at or near all-time highs. Unemployment is low. Interest rates are falling. The lowest wage workers have seen the biggest relative gains in income.
I wish people would stop posting articles from the Delusional Lying Leftist “The Hill”.
The Hill, like all Delusional Lying Leftist Media, misleads in every article I’ve seen from those deceivers.
Almost certainly the reason for the “new spending record” is because of inflation. The Hill wants you think we’re financially better off than before. But the truth is, we’re not richer. It’s just that the dollar buys less than it used to.
Curious about the drivers beyond simply digital adoption. Example, how much has violence and theft contributed to the traditional retail consumer to buy online? What market segments no longer have a thriving and competitive retail environment?
I read much about the decline of our cities and DA’s refusing to punish crime (or allowing a certain amount without penalty). Would be interesting to see that additional data point showing how Leftist policies are so dangerously flawed.
So more dollars have to be spent to buy the same thing now.
Been a couple-three years since I went to a mall.
cause everything costs more... not that there was any splurge
Spending $$$ is the most because inflation is the highest in how long?!
I have a system for that. I only shop online. I save all year in the Credit Union Christmas Club. They send me a check in November. I put it in savings at our bank. I shop online with my credit card that pays exceptional rewards. Move the Christmas money to checking and pay off the credit card without paying any interest. Spend my rewards.
I went to our local upscale mall couple days before Christmas and very few people had any bags in their hands.
People are going to the mall to look and try but, buying online...
All the Asian restaurants had lines of customers waiting.
Two had more than 100 just standing around for what I guess is the best ramen ever?
Not me...
I left...
won’t be back.
online works for me
Did one get less for more?
It’s a sure bet