NEW YORK (WABC) — It’s Christmas Eve, and the clock is ticking for many last-minute shoppers rushing to make final purchases ahead of Christmas Day.
Holiday spending hit a high note this season, new financial reporting says.
Mastercard released its annual report on holiday spending, showing that shoppers spent 3.9% more between Nov. 1 to Dec. 21 as compared to the same period in 2024. Mastercard collects this data through online and in-store retail payment information.
Even as prices have risen, spending has remained resilient. The report also showed shoppers looked for value, comparing prices in stores and online.
Shoppers took advantage of Black Friday, Small Business Saturday, and Cyber Monday deals. According to the National Retail Federation. 200 million people had shopped Thanksgiving weekend.
Mastercard also highlighted that Black Friday retail sales in the U.S. grew by 4.1% this year.
We can expect those holiday shopping figures to increase ahead of final financial reports, as shoppers head out in droves to make those last-minute purchases today.
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