Total U.S. retail sales, excluding automobiles, rose 5.1% between Nov. 1 and Dec. 24 from a year earlier, according to Mastercard SpendingPulse, which tracks both online and in-store spending with all forms of payment. Overall, U.S. consumers spent over $850 billion this holiday season, according to Mastercard.
The figures suggest a stock-market swoon and partial government shutdown haven’t curbed consumer confidence and spending.
“Wall Street is running around like a chicken with its head cut off, while Mr. and Mrs. Main Street are happy with their jobs, enjoying their best wage increases in a decade,” said Craig Johnson, president of Customer Growth Partners, a retail research and consulting firm. A recent drop in gas prices has helped last-minute spending, he said.The reality is the reality here folks. People are spending money because they are comfortable with the economy and their own position within the economy. Added to a feeling of comfort are the more tangible wage increases along with lowering gas prices. These simply provide people with more money to spend.
It's one thing to make a claim one way or the other about how things are doing. It's quite another to act on it. Americans are putting their money where their collective mouths are, when it comes to consumer confidence. Retailers would rather have the sales, than the polling results.
7 comments:
Trump economy.
Trump economy.
Thanx to the previous admin.....how much more pain is the consumer take before it starts slowing down like the world is?????
Massive deficits and a tax cut that benefited the elite, but not to worry, gas prices being down are the new tax cut for us poor people....LOLOLOL
Previous admin. Lol. Stupid dopey
The draft dodger President is not responsible for the spending spree.
The daughters of a Queens foot doctor say their late father diagnosed President Donald Trump with bone spurs to help him avoid the Vietnam War draft as a "favor" to his father Fred Trump, according to a new report Wednesday.
Dr. Larry Braunstein, a podiatrist who died in 2007, often told the story of providing Donald Trump with the diagnosis of bone spurs in his heels so he could be exempt from military service, his two daughters -- Dr. Elysa Braunstein and Sharon Kessel -- told the New York Times.
"It was family lore," Elysa Braunstein told the Times, adding that the story was "something we would always discuss" among family and friends.
Roger is off topic on every thread.
Truth is that wall street is not main street.
KD said...
Roger is off topic on every thread.
Hey goat fucker, you are guilty every time you post economic trump news on every thread....like this....
Truth is that wall street is not main street.
Such an asshole, every second, of every day...
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