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Opinion

Under Biden, Americans Will Feel the Squeeze from Inflation Amid Holiday Shopping

via 60 Minutes

Consumer spending online during the period leading up to Cyber Week increased by 5% compared to the same period in 2022, reaching $63.2 billion.

Black Friday was anticipated to offer the greatest discounts on televisions, while the best deals for toys and apparel were expected on Sunday, and electronics and furniture on Cyber Monday.

Popular items this season included card games, Roblox toys, Squishmallows, Barbie dolls, and Legos. (Trending: SNL Legend Unleashes On Democrats)

Shopify reported that the average cart price for Black Friday was $118.70, with clothing, personal care, jewelry, shoes, and decor being the top five categories of orders.

Experts have expressed worry under Biden’s leadership through the 2023 holidays, as record inflation has a significant number of credit card users entering greater debt to make it through the Christmas season.

78% of sales were made from mobile devices, with a 33% increase in point-of-sale sales by Shopify retailers in the U.S. since last year’s Black Friday.

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