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

→ Continue reading at CNN - Business News

More from author

Related posts

Advertisment

Latest posts

My November Must Reads

This was a great month for reading as I had four long flights and lots of time in hotels to read at night. These...

Google to begin deleting inactive accounts this week | CNN Business

CNN  —  That Google account you haven’t checked in years might be getting wiped this week. ...

New home sales fell last month as mortgage rates hit 2023 high | CNN Business

Washington, DC CNN  —  New home sales in the United States fell in October as typical mortgage rates reached...