Wealthy Shoppers Splurge As Lower-Income Households Hunt For Deals On Cyber Monday: Consumers Spend $9.1 Billion Online
Strong Bullish
100.0
Online shopping on Cyber Monday highlighted a stark contrast in consumer behavior, as wealthier shoppers splurged on holiday purchases, while lower-income households chased deals across all major shopping platforms.
Cyber Monday Sales Surge
U.S. shoppers spent $9.1 billion online on Cyber Monday, up 4.5% year-over-year, through 6:30 p.m. ET, tracked by Adobe Analytics, according to a Reuters report.
See Also: JP Morgan, Goldman Sachs Predict Fed Will Cut Rates In December
The platform that tracks over a trillion visits made by shoppers to online shopping sites expects the day’s tally to end between $13.9 billion and $14.2 billion. This ...Full story available on Benzinga.com
Cyber Monday Sales Surge
U.S. shoppers spent $9.1 billion online on Cyber Monday, up 4.5% year-over-year, through 6:30 p.m. ET, tracked by Adobe Analytics, according to a Reuters report.
See Also: JP Morgan, Goldman Sachs Predict Fed Will Cut Rates In December
The platform that tracks over a trillion visits made by shoppers to online shopping sites expects the day’s tally to end between $13.9 billion and $14.2 billion. This ...Full story available on Benzinga.com
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This analysis was generated using Pulse AI, Glideslope's proprietary AI engine designed to interpret market sentiment and economic signals. Results are for informational purposes only and do not constitute financial advice.
