Americans are set to spend a record $12 billion online shopping today | CNN Business

New York CNN  — 

Enticed by deep discounts, Americans are expected to celebrate Cyber Monday by spending a record-setting $12 billion online shopping.

Black Friday sales were strong –- especially online –- providing the latest evidence of resilient consumer spending in the face of a host of challenges.

Despite elevated borrowing costs, three years of high inflation and increasing numbers of Americans dipping into their retirement plans, consumers continue to keep the US economy chugging.

It’s another reminder that it rarely pays to underestimate the willingness of Americans to spend regardless, even if they

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