A new analysis conducted by WalletHub shows which retailers are offering the best discounts for this year’s Black Friday.
Read MoreNew Analysis Reveals Retailers with Best Discounts This Black Friday
Tag: Holiday Shopping
Many U.S. Shoppers Racked Up Debt This Holiday Season
Many U.S. consumers racked up debt this holiday season, and most of them won’t be able to pay it off immediately, according to a report published Wednesday.
Around 36% of consumers went into debt, spending on presents, plane tickets and decorations, owing an average of $1,249, up from 31% in 2020, according to a report by LendingTree. Despite the percentage of holiday borrowers increasing in 2021, the average amount of spending dropped by 10% from 2020.
Read MoreAmazon to Kick Off Holiday Shopping with October Prime Day
Amazon is aiming to kickstart the holiday shopping season early this year.
The company is holding its annual Prime Day over two days in October this year, after the pandemic forced it to postpone the sales event from July. It’s the first time Prime Day is being held in the fall, and Amazon is positioning it as a way to get people to start their holiday shopping.
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