A new analysis conducted by WalletHub shows which retailers are offering the best discounts for this year’s Black Friday.
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Higher Prices Hit the Holiday Season as Black Friday Approaches
Americans will pay higher prices for a range of goods and services for the Thanksgiving holiday and Black Friday shopping this year, and it looks like things may only get worse as we draw nearer to Christmas.
Those driving for the holidays and of course those preparing the Thanksgiving meal will pay the price this year. Federal inflation data from the Commerce Department shows energy costs have risen 17.6% in the past year, and overall food costs increased 10.9% in the same time.
Read MoreThanksgiving Dinner, Travel, Black Friday Shopping More Expensive as Inflation Continues to Rise
As Americans prepare for Thanksgiving this year, traveling and cooking a family dinner will be significantly more expensive.
Inflation has increased by more than 6.2% this year, according to the consumer price index (CPI), representing the highest rate of price hikes in nearly 31 years.
In January 2021, before Biden “took over the presidency, annual inflation was at a stable 1.4 percent,” Americans for Tax Reform notes. “While inflation has already hit American families hard, President [Joe] Biden is pushing policies which would make this problem even worse.”
Read MoreBlack Friday, Small Business Saturday, and Cyber Monday in 2020
Retailers like Target and Walmart stretched out their traditional Black Friday sales throughout the whole month, but post-Thanksgiving shopping sprees will still be available, according to press releases from the companies. Cyber Monday will feature big deals online as usual, but don’t forget Giving Tuesday and Small Business Saturday.
Read MoreThe History of Cyber Monday
The year is 2004, both Ellen Davis and Scott Silverman, who work for Shop.org, are conducting research when they happened to stumble upon key information that would, in turn, create a new annual online shopping tradition. Research showed them that the Monday after Thanksgiving was one of the biggest…
Read MoreCommentary: Black Friday Is Capitalism at Its Most Beautiful
I went to a Daily Mass on Black Friday last year. The priest didn’t waste too much time with the homily, but he made a few comments about Thanksgiving and a statement about Black Friday which I found hopefully refreshing. He said, “This is a day for the poor.” Of course, he’s right, but how often do we think of Black Friday in those terms? As Thanksgiving and Black Friday approach once again, let us reflect on this concise but incredibly profound statement.
Read MoreBlack Friday Shopping: Which Stores Are Open?
Black Friday is an annual tradition for Americans. Not only is it the unofficial start of the Christmas season begins but it is also the biggest shopping day in the United States.
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