Consumerism Runs Rampant! Black Friday Sales Hit A Record High This Year
Consumerism on Black Friday hit a record high this year. Americans spent $7.2 billion in digital sales alone this year. With 78% living paycheck to paycheck, you can also bet a lot of the stuff was purchased with money people haven’t made yet.
That’s up 14% over last year! Globally, Salesforce says sales hit $20 billion as other countries participate in Black Friday sales too, even if they don’t have a United States Thanksgiving holiday. According to a report by Forbes, mobile sales were up sharply as well. Mobile accounted for almost half of all e-commerce on Thanksgiving Day itself, and on Black Friday mobile orders surpassed the 50% mark. According to Salesforce, 65% of all digital orders on Black Friday were consummated on a mobile device.
The top five most-talked-about retailers, however, are the usual suspects, led by the two of largest retail giants on the planet:
- Best Buy
Salesforce estimates that total online sales will be up 15% this holiday season. If that happens, online sales will hit $768 billion globally. Cyber Monday is yet to come, of course but should hit $32 billion. Apple, Google, Xbox, Nintendo, and Playstation were all popular brands people spent money on this Black Friday. These brands are expected to see another boost by the end of today, which is known as Cyber Monday.
Using debt is a popular way to fund the holiday shopping Americans do. “Roughly 48 million Americans are still paying off credit card debt from the 2018 holiday season, far more than the 39.4 million who were paying off 2017 debt,” said Nerd Wallet in its 2018 survey.
A study from credit reporting company Experian showed U.S. consumers similarly unenthusiastic about the holidays, based on their survey of 1,159 consumers, according to Axios. The year-over-year drop in the number of people who said they felt “thoughtful” was the largest in the history of the company’s survey. Experian’s survey also found that 66% of consumers said they would be doing their holiday shopping in cash, up 13% from just two years ago. Those who planned to make purchases with credit cards dropped to 38%, down 6% from 2017.
What is worrisome, is that even though consumers are saying they are expecting to be able to cash flow the holidays, Experian found consumers expected to spend an average of $1,649 during the holiday season, a “whopping” 75% increase over 2018. That means many will likely have to use credit cards to get all of the holiday shopping done that they want to this year.
This article has been contributed by SHTF Plan. Visit www.SHTFplan.com for alternative news, commentary and preparedness info.
Please Help Support BeforeitsNews by trying our Natural Health Products below!
Join our affiliate program and earn extra money by sharing with friends and family or by posting on your social media.
Order by Phone at 888-809-8385 or online at www.mitocopper.com
Get our Free Ebook, "Suppressed Health Secrets" with Natural Cures THEY don't want you to know!
APeX - Far superior to colloidal silver! Destroys Viruses, Bacteria, Pathogens with Oxygen plus Silver!
Supreme Fulvic - Nature's most important supplement! Vivid Dreams again!
Ultimate Curcumin - Natural pain relief, reduce inflammation and so much more.
pathogens and gives you more
energy. (See Blood Video)
Oxy Powder - Natural Colon Cleanser! Cleans out toxic buildup with oxygen!
Organic Hemp Extract (CBD) - Full Spectrum high CBD (3300mg) hemp extract eases stiff joints, relieves stress and more!
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
Smart Meter Cover - Reduces Smart Meter radiation by 96%! (See Video)
FINAL WARNING! Diseases are EXPLODING! Watch this Video about APeX and You'll THROW AWAY Your Colloidal Silver! APeX destroys Viruses, Bacteria and other Pathogens with the power of Oxygen PLUS Silver! Nobody else has a product like THIS! See why the inventor hasn't been sick in 16 years and why you'll never hear about it on the FAKE NEWS! Get some now and tell your friends about it too so we can reach more people!