7.5% … Wasn’t that the rate of inflation recently as well? Not sure what it is at now, but we were getting up there. Higher prices wouldn’t necessarily mean a new record, I am guessing.
As far as I can tell it’s just people being “savvy” and waiting for the big sale day.
Black Friday e-commerce spending popped 7.5% from a year earlier, reaching a record $9.8 billion in the U.S., according to an Adobe Analytics report, a further indication that price-conscious consumers want to spend on the best deals and are hunting for those deals online.
It isn’t just lemmy, there’s plenty of external evidence showing that people think the economy is in a bad state. Changing your entire perspective because of big spending day on black Friday makes no sense.
Not just a big spending day, an all-time record-breaking spending day, up 7.5%. That’s absolutely insane and doesn’t jive. If everyone is hurting, can’t pay their rent and bills, credit is maxed out, then how did they also crush this record on inflation-priced “sales?”
All I’ve said, I’m choosing to go by data, not news agenda. BF helped me realize our economy is thriving. That’s great!
Wealth gap. What you are actually saying is everyone is being squeezed, allowing corporations to sell less and make more.
This is why I’m kinda pissed off about it all. Americans all went shopping and kept spending as per usual, which allows corporations to report “green” to investors and continues to allow unbelievable CEO / executives wildly insane pay to continue.
First of all “lighter” does not mean “sad”. I remember, growing up, there were a few years where our parents would tell us that Christmas was going to be a little “lighter” this year due to whatever financial reasons that they didn’t want to burden us with. They were lovely every time, and there was absolutely nothing “sad” about it.
Second, you are presenting a false choice:
So it’s sad Christmas and lots of debt, or regular to light Christmas and still crushing debt.
It could just be a financially responsible Christmas where you learn to appreciate your family and loved ones. People will often make homemade gifts instead of buying them, and those are often far more memorable than many pricier gifts.
As someone who has been consistently been paying down debt (student loans mostly, but some CC thrown in there), it hasn’t ever stopped me from enjoying Christmas.
And this is coming from someone who isn’t even really a big Christmas fan to begin with. It’s fine. I just think you presented an absurd dichotomy.
I’m glad I have friends who can live without needing presents every year to feel validated on keeping a friendship alive.
I keep hearing other people just tear themselves apart because they worry about “ohhh I need to go shopping next week!” or “I can’t figure out what this person wants who barely gives a shit about me but I need to gift them SOMETHING!”
Like damn people, is it worth it that much to gift someone things at the cost of your own sustainability?
Corporations after seeing how Black Friday netted over $9.8 billion: Uhhhh…no. According to these numbers, people LoVe the prices!
That was $10b in online sales, not total.
That’s almost 10 billion of sale prices though, for products they literally needed to offload.
And while a record amount, it was only 7.5% above normal, coming off all this Covid stuff it’s no wonder people are cutting loose and splurging a bit.
7.5% … Wasn’t that the rate of inflation recently as well? Not sure what it is at now, but we were getting up there. Higher prices wouldn’t necessarily mean a new record, I am guessing.
As far as I can tell it’s just people being “savvy” and waiting for the big sale day.
Above normal. The data suggests US citizens still have credit limit or not feeling the pinch as all the news articles suggest.
I was expecting a big decrease this year according to what I’ve seen on lemmy. From now on, I’ll read negative news and say “meh, probably not.”
It isn’t just lemmy, there’s plenty of external evidence showing that people think the economy is in a bad state. Changing your entire perspective because of big spending day on black Friday makes no sense.
Not just a big spending day, an all-time record-breaking spending day, up 7.5%. That’s absolutely insane and doesn’t jive. If everyone is hurting, can’t pay their rent and bills, credit is maxed out, then how did they also crush this record on inflation-priced “sales?”
All I’ve said, I’m choosing to go by data, not news agenda. BF helped me realize our economy is thriving. That’s great!
deleted by creator
Wealth gap. What you are actually saying is everyone is being squeezed, allowing corporations to sell less and make more.
This is why I’m kinda pissed off about it all. Americans all went shopping and kept spending as per usual, which allows corporations to report “green” to investors and continues to allow unbelievable CEO / executives wildly insane pay to continue.
Or they just know that Americans would rather go into significant debt, than having a lighter Christmas and/or buying less for a year or two.
deleted by creator
First of all “lighter” does not mean “sad”. I remember, growing up, there were a few years where our parents would tell us that Christmas was going to be a little “lighter” this year due to whatever financial reasons that they didn’t want to burden us with. They were lovely every time, and there was absolutely nothing “sad” about it.
Second, you are presenting a false choice:
It could just be a financially responsible Christmas where you learn to appreciate your family and loved ones. People will often make homemade gifts instead of buying them, and those are often far more memorable than many pricier gifts.
As someone who has been consistently been paying down debt (student loans mostly, but some CC thrown in there), it hasn’t ever stopped me from enjoying Christmas.
And this is coming from someone who isn’t even really a big Christmas fan to begin with. It’s fine. I just think you presented an absurd dichotomy.
deleted by creator
I’m glad I have friends who can live without needing presents every year to feel validated on keeping a friendship alive.
I keep hearing other people just tear themselves apart because they worry about “ohhh I need to go shopping next week!” or “I can’t figure out what this person wants who barely gives a shit about me but I need to gift them SOMETHING!”
Like damn people, is it worth it that much to gift someone things at the cost of your own sustainability?