✉news BusinessRetail first seen 3 d ago, last 2 d ago, peak #17
US retailers expect record $1 trillion holiday season
Original: Retailers project a record $1 trillion holiday shopping season. But who’s doing the spending?
US retailers are projecting a record $1 trillion in holiday shopping sales this season, but analysts are questioning which consumers are actually driving the spending. The debate centers on whether purchases are being made broadly across income groups or concentrated among wealthier households, with others possibly relying on debt or cutting back elsewhere.
Why now: A record spending forecast lands amid ongoing questions about consumer financial health and inequality.
Evidence
- Retailers project a record $1 trillion holiday shopping season. But who’s doing the spending? · The Boston Globe
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