Inflation-wary US consumers flock to 'Black Friday' deals
- Consumer prices have increased by 22 percent since January 2020, leading to cautious spending by Americans, according to Pew Research.
- Holiday spending is projected to grow between 2.5 and 3.5 percent this season, reaching nearly $989 billion, as reported by the National Retail Federation.
- Consumers are expected to spend a record $10.8 billion online for Black Friday, reflecting a 10 percent increase from last year, according to Adobe Analytics.
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Coverage Details
Total News Sources0
Leaning Left4Leaning Right3Center1Last UpdatedBias Distribution50% Left
Bias Distribution
- 50% of the sources lean Left
50% Left
L 50%
12%
R 38%
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