New retail data from Mastercard shows that U.S. retail sales grew more than 7% YoY in 2022.
"The bottom line is, with inflation remaining a headache, dollars aren't stretching as far, and most consumers will still be looking for bargains," Quinlan said.
A separate report by BlackFriday.com also found that 70% of shoppers will be taking inflation into consideration when shopping this holiday season, and even more will be on the lookout for deals.vice president of TransUnion's retail business Roughly 25% of consumers said they would opt for cheaper versions or more practical gifts, such as gas cards, according to TransUnion's holiday shopping survey.Cecilia Seiden, vice president of TransUnion's retail business.
Still, households will shell out $1,455, on average, on holiday gifts, in line with last year, a separate retail report by Deloitte found.Shoppers hold hands at the Willow Grove Park Mall in Willow Grove, Pennsylvania, November 14, 2020."Remember to not put yourself in debt over holiday shopping," cautioned Natalia Brown, chief client operations officer at National Debt Relief.
Holiday spending could come at a higher cost if it means tacking on additional credit card debt just as the
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